Markets are awaiting the release of the FOMC minutes on Wednesday, offering a deep look into the policy direction of new Fed Chair Kevin Warsh. The S&P 500 is facing pressure from stretched valuations, a cooling labor market, and fresh weakness in semiconductor stocks. Investors are focusing on tomorrow's release of the meeting minutes to gauge the future interest rate path. The minutes of Warsh's first Federal Reserve meeting are scheduled for release at 2 p.m. ET.
