US stock futures traded flat as investors braced for the Federal Reserve's next interest rate decision and earnings from tech giants Microsoft and Meta.

US stocks were mixed Monday and the S&P 500 eked out a record high for the sixth day in a row as investors digested the announcement of a trade deal between Washington and Brussels.

U.S. stock indexes are drifting as Wall Street waits to hear from the Federal Reserve later in the afternoon about what it will do with interest rates.