Stock market today: US futures in holding pattern in wait for landmark Fed decision

The current market sentiment indicates that investors are optimistic about a potential interest rate cut by the Federal Reserve, which typically supports stock market prices. A larger cut (0.5%) could further boost investor confidence in growth. Companies like Microsoft and Alphabet are positioned well for future growth due to their investments in technology and overcoming regulatory challenges.

Investors should keep an eye on Microsoft and BlackRock's new commitment to AI investment, as well as Alphabet's legal victory, which could have positive implications for their stock prices and tech sector confidence.

Overall sector outlook is positive, particularly for technology companies, as reduced interest rates could lead to higher valuations for growth stocks.