Morning Market Update: March 15, 2010

U.S. stock futures are trading lower Monday ahead of the Federal Reserve's meeting to discuss interest-rate policy. The Fed is scheduled to meet Tuesday and is unlikely to raise a key interest rate from historic lows. However, investors will be looking for clues as to when the Fed might make a move in changing the current policy. Economic reports due out include manufacturing and industrial production data. Economists expect that the Fed will say industrial production fell 0.1% in February, after seven straight months of growth. The dip is likely due to bad weather throughout the country. The manufacturing index is expected to fall to 21.45 this month, down from 24.91 in February. The Dow Jones Industrial Average (DJI) futures are trading 21.00 points below fair value, the S&P500 (INX) futures are trading 3.00 points below fair value, and the Nasdaq Composite (IXIC) futures are trading 4.50 points below fair value.