Stocks: Wary investors keeping tabs on Fed

  @CNNMoneyInvest August 26, 2013: 6:37 AM ET
sp500 futures 614

S&P 500 Futures


It's another week with investors asking themselves: When will the Federal Reserve begin tightening its easy money policies?

U.S. stock futures were slightly lower early Monday as investors pondered that question. Tapering by the Fed was the focus of weekend discussions as central bankers from around the world took part in the Fed's annual monetary policy symposium in Wyoming.

Emerging economies like India, Brazil and Indonesia are especially vulnerable to changes in Fed policy.

The U.S. dollar is already rising versus foreign currencies like the Brazilian real and the Indian rupee, and some investors are pulling their money out of these countries, triggering fears of a panic.

In economic news, the U.S. Census Bureau will release its monthly report on durable goods orders at 8:30 a.m. ET Monday.

Shares of Amgen (AMGN, Fortune 500) rose 4% after it agreed to buy Onyx Pharmaceuticals (ONXX) for $10.4 billion, in a deal that will give Amgen access to a wide range of cancer treatment drugs.

Related: Fear & Greed Index

U.S. stocks finished higher Friday. The Nasdaq ended the week up 1.5%, while the S&P 500 added 0.5%. The Dow, despite moving slightly higher Friday, fell for the third straight week.

European markets were lower in morning trading. The London Stock Exchange is closed for a holiday.

Asian markets ended mixed after a relatively calm trading session, with the Shanghai Composite adding 1.9% and the Hang Seng increasing 0.7%. The Nikkei ended in negative territory. To top of page

Join the Conversation
Sponsored by
Index Last Change % Change
Dow 16,501.65 0.00 0.00%
Nasdaq 4,148.34 21.37 0.52%
S&P 500 1,878.61 3.22 0.17%
Treasuries 2.69 0.00 0.07%
Data as of 8:08pm ET
Company Price Change % Change
Facebook Inc 60.87 -0.49 -0.80%
Bank of America Corp... 16.34 -0.03 -0.18%
Microsoft Corp 39.86 0.17 0.43%
Verizon Communicatio... 46.28 -1.15 -2.42%
Micron Technology In... 26.16 -0.09 -0.34%
Data as of 4:01pm ET
Overnight Avg Rate Latest Change Last Week
30 yr fixed4.24%4.32%
15 yr fixed3.25%3.36%
5/1 ARM3.27%3.37%
30 yr refi4.28%4.31%
15 yr refi3.30%3.34%
View rates in your area
Find personalized rates:
Rate data provided
Market indexes are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer LIBOR Warning: Neither BBA Enterprises Limited, nor the BBA LIBOR Contributor Banks, nor Reuters, can be held liable for any irregularity or inaccuracy of BBA LIBOR. Disclaimer. Morningstar: © 2014 Morningstar, Inc. All Rights Reserved. Disclaimer The Dow Jones IndexesSM are proprietary to and distributed by Dow Jones & Company, Inc. and have been licensed for use. All content of the Dow Jones IndexesSM © 2014 is proprietary to Dow Jones & Company, Inc. Chicago Mercantile Association. The market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. FactSet Research Systems Inc. 2014. All rights reserved. Most stock quote data provided by BATS.