March S&P 500 futures (ESH23) are trending down -0.41% this morning after three major U.S. benchmark indices finished the regular session higher as market participants weighed up economic data and a slew of earnings reports ahead of the Federal Reserve’s interest-rate policy decision. Three major U.S. stock indexes were fueled primarily by gains in the Basic Materials, Consumer Goods, and Industrials sectors. All three major U.S. stock indexes rallied to end the session +1.09% to +1.67% higher after data showed U.S. Employment Cost Index increased at its slowest pace in a year to +1.0% q/q in …