Market

Premarket Losses Strike US Markets Following Federal Reserve's Steady Interest Rate Decision

US Markets Experience Premarket Losses

After a brief period of trading in the green, major US stock markets faced premarket losses on Thursday. This shift occurred subsequent to the Federal Reserve's announcement to maintain interest rates unchanged for the second consecutive meeting, sparking a turn towards safer investments among investors.

Impact on Major Indices

By 5:10 am ET, the Dow Jones Industrial Average had decreased by 0.13%, while the Nasdaq 100 saw a decline of 0.30% at the same time. The S&P 500 also experienced a drop, falling by 0.26% by 5:11 am ET.

Currency Movements

In the currency markets, the euro depreciated by 0.53% against the dollar at 5:12 am ET, trading at $1.08452.