10 things you need to know before the opening bell

pulse

September 20, 2017 12:31 PM

This is what traders are talking about.

The Fed meets. At the conclusion of Wednesday's meeting, the US central bank is expected to keep its benchmark interest rate unchanged between 1% and 1.25% and announce the process for unwinding its massive balance sheet.

We're officially in the 2nd largest bull market since WWII. Stocks have climbed roughly 270% from their March 2009 low, eclipsing the bull run from according to data from LPL Financial.

The bipartisan effort to fix Obamacare collapses.

An Alibaba-backed company slashes its IPO range. Best, an initial public offering in Hong Kong backed by Alibaba, priced at $10, well below the $13 to $15 that was initially expected, Reuters says.

Best Buy gives a rough outlook. The big-box retailer forecast that its fiscal 2021 revenue would hit $32 billion, which comes out to just a 2.2% compound annual growth rate.

FedEx misses and lowers its outlook. The package delivery giant missed on both the top and bottom lines and

Bed Bath & Beyond craters after missing big on earnings. Shares of the retailer fell more than 15% after announcing earnings of $0.67 a share on revenue of $2.94 billion, both well shy of estimates, as

Stock markets around the world trade mixed. Hong Kong's Hang Seng (+0.27%) paced the advance in Asia and France's CAC (-0.22%) trails in Europe. The S&P 500 is set to open higher by 0.15% near 2,506.

Earnings reporting is light. General Mills is set to announce its quarterly results ahead of the opening bell.

US economic data trickles out. Existing home sales will be released at 10 a.m. ET. The US 10-year yield is down 2 basis points at 2.22%.

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