The Federal Reserve's decision on interest rates will dominate the coming week as investors also follow the ongoing UAW strike against Ford, GM and Stellantis, which is threatening to disrupt the economy.
Stocks ended the Friday session lower, capping off a mixed five days.
The Dow Jones Industrial Average was the only benchmark to post a slight gain for the week.
In IPO news, Instacart is expected to begin trading in the coming week.
INSTACART: WHAT TO KNOW ABOUT ONLINE GROCERY SERVICE
Last week, the online grocery shopping company, which fulfills customer orders, disclosed its target valuation of up to $10 billion after Arm Holdings' strong market debut.
The stock will trade on the Nasdaq Marketsite under the symbol CART.
SUPERMARKET ADDS 'SHRINKFLATION' WARNINGS TO OVER A DOZEN PRODUCTS
S&P 500 rebalance
On Monday, Blackstone and Airbnb will replace Lincoln National and Newell Brands in the S&P 500, while Deere & Co will replace Walgreens Boots Alliance in the S&P 100.
Meanwhile, Israeli Prime Minister Benjamin Netanyahu will reportedly meet with Elon Musk, according to the Washington Post.
ELON MUSK, ISRAELI PM NETANYAHU TO MEET IN U.S.
The meeting comes amid Musk's criticism of the Anti-Defamation League (ADL).
Biden in NYC
AutoZone will report earnings after the bell and could provide details on the impact of the ongoing UAW strike against Detroit's Big Three automakers.
The strike, which began Friday, could cost the economy nearly $6 billion over just nine days.
LOOMING UAW STRIKE COULD COST US ECONOMY MORE THAN $5B IN JUST 10 DAYS
In economic news, building permits and housing starts will be released.
INSTACART RAISES IPO PRICE RANGE AFTER ARM'S STRONG WALL STREET DEBUT
Meanwhile, President Biden will travel to New York City to participate in the 78th session of the United Nations General Assembly.
FORD CEO SAYS ELECTRIC VEHICLES PROVOKING 'CHARGING ANXIETY'
FOMC interest rate decision
The Federal Reserve will announce its decision on interest rates Wednesday after two reports on inflation last week ran hotter-than-expected. Consumer prices jumped 3.7% from the same time last year, faster than expected. While inflation at the wholesale level rose 1.6% annually.
According to the CME's FedWatch Tool, 98% of the market is expecting policymakers to hold rates steady.
MONTHLY HOME PRICES HIT ALL-TIME HIGH, DRIVING PENDING SALES DOWN
Oracle will kick off CloudWorld in Las Vegas. CEO Larry Ellison hinted that the company will deliver significant updates at the event during last week's earnings call.
Investors punished Oracle shares after the company's forecast fell shy of some estimates.
ORACLE SHARES HAVE WORST DAY SINCE 2002
Economic reporting will include data on initial jobless claims and existing home sales.
U.S. manufacturing survey
Blue Apron will end its run on the New York Stock Exchange Friday and join the Nasdaq on Sept. 25.
On the economic front, data from the U.S. Manufacturing Purchasing Managers Index is slated for release.
