Stocks are inching higher today as investors prepare for key economic data and a big announcement from the Federal Reserve.
S&P 500 futures are up by about one-tenth of a percent. Markets are closed in Europe and China in observance of May Day, though Japan’s Nikkei fell almost half a percent overnight. Commodities are weak.
ADP reports its private-sector survey for April at 8:15 a.m. ET, followed by the Institute for Supply Management’s manufacturing index at 10 a.m. ET. Both have the potential to move the market, and both missed expectations last month.
— Option Monster