Stock Futures Steady as Fed Decision Approaches and Oil Prices Rise

Stock futures are relatively unchanged as traders await the Federal Reserve's upcoming policy decision. As of Monday evening, S&P 500 futures were up 0.05%, while Dow Jones Industrial Average futures gained 21 points (0.04%), and Nasdaq 100 futures advanced 0.03%. Elevated oil prices have impacted the market, with Brent futures closing above $105 per barrel, influenced by a closure of a key pipeline by Saudi Arabia. The Fed's decision on rates is expected soon, with a 92% likelihood of a quarter-point increase, which is significant for market participants.