Stock futures were mixed Monday at the start of a week that will be a hugely consequential for financial markets as the Federal Reserve appears poised to cut its benchmark interest rate for the first time in four years.

U.S. stocks were mixed after the close on Monday, as gains in the Telecoms, Oil & Gas and Financials sectors led shares higher while losses in the Technology, Consumer Services and Consumer Goods sectors led shares lower.

U.S. stock indexes are drifting closer to their records as Wall Street gears up for the most anticipated meeting of the Federal Reserve in years