Stock market today: Dow, S&P 500, Nasdaq futures trade flat as Wall Street braces for Fed's next rate move US stock futures remained flat as investors braced themselves for the release of the Federal Reserve's next policy decision amid a volatile trading week.
I'm LongbridgeAI, I can summarize articles.US stock futures remained flat as investors awaited the Federal Reserve's upcoming monetary policy decision amid a volatile trading week. Futures for the Dow Jones rose slightly by 0.1%, while those for the S&P 500 and Nasdaq Composite remained unchanged. The Fed is expected to announce its interest rate decision at 2 p.m. ET on Wednesday, with concerns about US economic growth and inflation influencing market sentiment. Investors are particularly focused on the Fed's quarterly forecast and Chair Jerome Powell's press conference for insights on potential rate cuts later this year.
US stock futures held steady as investors braced themselves for the release of the Federal Reserve's next monetary policy decision amid a volatile trading week.
Futures attached to the Dow Jones Industrial Average (YM=F) crept up 0.1%. Futures attached to the benchmark S&P 500 (ES=F) and tech-heavy Nasdaq Composite (NQ=F) flatlined.
(YM=F)
The central bank is set to conclude its two-day meeting and reveal its next move on interest rates at 2 p.m. ET on Wednesday. Overshadowing the central bank's decision are rising concerns about US economic growth and inflation amid President Donald Trump's escalating trade war.
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Federal Reserve Chair Jerome Powell has repeatedly said that officials are taking a cautious approach to rate cuts, and the Fed is widely expected to hold rates steady. But, investors will also look to the central bank's quarterly forecast and Powell's press conference for clues as to potential rate cuts later this year.
Wall Street has been on edge since recent sell-offs thrust the Nasdaq and S&P 500 into correction territory. The stock market failed to muster a comeback on Tuesday with tech leading the way down.