December Nasdaq-100 futures fell for a second consecutive session, experiencing its second-worst percentage loss of the month, exceeding a 1% drop. The decline was partially attributed to Netflix earnings, which disappointed the market. Given Netflix's 1.48% weighting, this added pressure to the broader, cautious market. Expectations for the October 28–29 FOMC meeting still overwhelmingly favor a 25 basis point rate cut. The probability, according to the CME FedWatch Tool, shifted slightly to 98.9% for a 25 basis point cut and 1.1% for no change, reflecting a growing caution amid uncertainties like the government shutdown and data voids. A more aggressive rate cut would help stocks, but the ongoing earnings season, highlighted by the Netflix results, remains a key factor.