Stock Futures Churn Ahead of Fed Decision
November inflation numbers rose by a larger-than-expected amount
Wall Street struggled to gain momentum yesterday, and today's price action could be more of the same. Dow Jones Industrial Average (DJI) futures are churning slightly below fair value, while S&P 500 Index (SPX) and Nasdaq-100 Index (NDX) futures are signaling modestly higher opens. There's caution ahead of this afternoon's policy decision from the Fed, with rates largely expected to remain unchanged. Fed Chair Jerome Powell will also speak at 2:30 p.m. ET, and investors will be looking for clues about upcoming monetary policy. Elsewhere, November's consumer price index (CPI) rose 0.3%, greater than the expected 0.2% climb.
Continue reading for more on today's market, including:
Schaeffer's Senior Quantitative Analyst Rocky White gives the best stocks to end the decade.Broadcom stock is set to test new highs.Plus, GameStop sinks after earnings; C-suite shakeup at Dropbox; and Citron lashes out at Peloton. 
5 Things You Need to Know Today
The Cboe Options Exchange (CBOE) saw 841,582 call contracts traded on Tuesday, compared to 643,178 put contracts. The single-session equity put/call ratio climbed to 0.76, while the 21-day moving average inched up to 0.60. GameStop Corp. (NYSE:GME) stock is down 19.2% in electronic trading, after the video game retailer reported an unexpected third-quarter loss and revenue that fell short of expectations. Same-store sales also came in below estimates, and the company cut its full-year profit forecast, prompting at least three price-target cuts. GME is set to erase all of its quarterly gain.Dropbox Inc (NASDAQ:DBX) stock is down 2.5% ahead of the bell, after the company announced Chief Customer Officer Yamini Rangan will step down, effective Jan. 3. DBX is set to open near its Aug. 15 record low of $17.20.The shares of Peloton Interactive Inc (NASDAQ:PTON) are down 1.9% before the bell, after Citron Research set its 2020 target price at $5 -- well below last night's close at $32.78. The notorious short seller said the bike maker has been "overly promotional," and has "all the makings of a compelling short." PTON has been in focus lately in the aftermath of the company's highly scrutinized holiday ad.Today also brings weekly crude inventories. American Eagle Outfitters (AEO), Children's Place (PLCE), Lululemon (LULU), Tailord Brands (TLRD), United Natural Foods (UNFI), and Vera Bradley (VRA) will report earnings.
Asian Markets Climb; Cautious Trading in Europe
Stocks in Asia were mostly higher today. Starting in China, the Shanghai Composite managed a 0.2% win as investors considered a potential delay in tariffs from the U.S. The Hang Seng also climbed, ending up 0.8%. In South Korea, the Kospi settled up 0.4%, while Japan's Nikkei was the lone loser, dipping 0.08%.
Trading has been cautious so far today in Europe. Sunday's tariff deadline, today's Fed decision, and Thursday's election in the U.K. are also giving investors pause, keeping the FTSE 100 and French CAC 40 near breakeven. The DAX in Germany has managed to break free a bit, however, rising 0.4%.