After moving modestly higher last week, stocks may see some further upside in early trading on Monday. The major index futures are currently pointing to a slightly higher open for the markets, with the S&P 500 futures up by 0.2 percent.
The upward momentum on Wall Street comes as traders look ahead to the Federal Reserve's monetary policy announcement on Wednesday.
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May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.