Investors on Edge as Federal Reserve's Rate Decision Looms
As the United States Federal Reserve prepares to announce its latest monetary policy decision, major stock exchanges have opened flat to lower. The anticipation is palpable, with the central bank expected to keep interest rates steady within the 4.25% to 4.5% range.
Corporate Earnings in the Spotlight
Amidst the wait, the corporate world is buzzing with anticipation for the earnings reports from several industry giants. Meta Platforms Inc., Microsoft Corporation, Tesla Inc., IBM, and Levi Strauss & Co. are all set to unveil their financial performances after the market closes today.
Market Movements at a Glance
The Dow Jones and the Nasdaq 100 opened without significant movement, while the S&P 500 saw a slight dip of 0.13%. Notably, Danaher Corporation experienced a sharp decline of 5.99% shortly after the market opened. On the currency front, the euro was trading 0.33% lower against the dollar at 9:29 am ET, with an exchange rate of 1.03977.
Comments