US Markets Open Flat Ahead of Federal Reserve's Rate Decision

As the United States Federal Reserve prepares to announce its monetary policy decision, major stock exchanges opened flat to lower on Wednesday. Investors are on the edge of their seats, anticipating the central bank's move, with expectations leaning towards maintaining interest rates within the current target range of 4.25% to 4.5%.

Corporate Earnings in Focus

In the corporate sphere, all eyes are on several high-profile companies set to release their earnings reports after the market closes. Among them, Meta Platforms Inc., Microsoft Corporation, Tesla Inc., IBM, and Levi Strauss & Co. are particularly noteworthy. These reports are expected to provide insights into the companies' performance and future outlook.

Market Movements

The Dow Jones and the Nasdaq 100 started the day flat, while the S&P 500 saw a slight dip of 0.13% at the opening bell. Notably, Danaher Corporation experienced a significant drop of 5.99% shortly after the market opened. Meanwhile, the euro was trading 0.33% lower against the dollar, with the exchange rate standing at 1.03977 at 9:29 am ET.