Market

Wall Street Awaits Fed's Decision: Stocks Open Flat to Lower Ahead of Crucial Rate Announcement

Investors on Edge as Federal Reserve's Rate Decision Looms

As the clock ticks down to the United States Federal Reserve's pivotal announcement on monetary policy, major stock exchanges have shown a cautious start to the day. With the central bank expected to keep interest rates steady within the 4.25% to 4.5% range, the market's anticipation is palpable.

Corporate Earnings in the Spotlight

Adding to the day's financial fervor, several heavyweight corporations are poised to unveil their earnings reports post-market close. Among them, Meta Platforms Inc., Microsoft Corporation, Tesla Inc., IBM, and Levi Strauss & Co. are drawing significant attention from investors and analysts alike.

Market Movements at a Glance

The Dow Jones and Nasdaq 100 indices began the day on a flat note, while the S&P 500 experienced a slight dip of 0.13% at the open. Notably, Danaher Corporation saw a sharp decline of 5.99% shortly after trading commenced. Meanwhile, the euro edged 0.33% lower against the dollar, trading at 1.03977 at 9:29 am ET.