Market

Investors Hold Breath as US Markets Open Flat Ahead of Crucial Fed Rate Decision

Market Awaits Federal Reserve's Decision

As the US markets opened with a flat to lower stance, all eyes are on the Federal Reserve's upcoming announcement regarding monetary policy. Expectations are high for the central bank to maintain interest rates within the current target range of 4.25% to 4.5%.

Corporate Earnings in Focus

In the corporate sector, anticipation builds around the earnings reports from major companies including Meta Platforms Inc., Microsoft Corporation, Tesla Inc., IBM, and Levi Strauss & Co., all scheduled to be released after the market closes.

Market Performance

The Dow Jones and Nasdaq 100 opened flat, while the S&P 500 saw a slight decrease of 0.13% at the start of the session. Notably, Danaher Corporation experienced a significant drop of 5.99% shortly after opening. Meanwhile, the euro traded slightly lower against the dollar, at 1.03977 by 9:29 am ET.