Market

US Stock Futures Drop Ahead of Crucial Fed Rate Decision

Market Watch: Dow Jones Continues Losing Streak

US stock futures experienced a slight decline on Tuesday morning, following the Dow Jones Industrial Average's eighth consecutive decline. This marks the longest losing streak since 2018, reflecting heightened market uncertainty.

As investors eagerly await the Federal Reserve's final policy meeting of 2024, market expectations are high for a potential quarter-point rate cut. Current market probabilities stand at an overwhelming 95%.

Market Indicators at 4:30 am ET:

  • Dow Jones: Down 0.30% or 130 points
  • Nasdaq 100: Down 0.24%
  • S&P 500: Down 0.33%

In currency trading, the euro weakened by 0.23% against the dollar, trading at $1.04841 at 4:28 am ET.