What to watch for and what will influence the market until the end of the session

Facebook’s quarterly results, data on durable orders and Federal Reserve's statement.

Other notable earnings include Boeing (BA), Coca-Cola (KO) and Mondelez (MDLZ), which all report results before the markets open.

The orders for durable goods will create speculation about whether Fed will have a reason to rise the interest rates or not. If data is good, it is likely Fed will have a reason to rise the interest rates and we may see rise of USD and decrease in indices.

Analysts expect the social media giant to post earnings of $0.81 a share on sales of $6.01 billion, after the markets close. During the same quarter a year ago, the company reported net income of $0.50 a share on sales of $4.04 billion.

Focus remains on Fed and the statement after that, which will be released at 21:00. This is the Fed's first meeting since the all-important Brexit vote back on June 23. Experts don't expect the central bank to announce a rate hike. 'I would look for some nuances in the statement that suggest that a September [rate hike] is on the table,' said Liz Ann Sonders, chief investment strategist at Charles Schwab. 'We do think September is on the table if the data continues to come out better than expectations.