U.S. stock futures remained mostly unchanged on Tuesday after two consecutive days of gains. Investors, cautious about an economic slowdown, are now turning their attention to the Federal Reserve’s upcoming policy meeting. The market’s movement was subdued, as traders awaited further guidance from the Fed on economic conditions.
Futures for the Dow Jones Industrial Average (YM=F) and S&P 500 (ES=F) were flat, hovering just below the zero line. Meanwhile, contracts for the Nasdaq 100 (NQ=F) slipped by around 0.2%. This stabilization comes after a rebound on Monday, following last week’s significant sell-off. During that period, the S&P 500 briefly dipped into correction territory. The sell-off was primarily driven by concerns about the economic impact of President Donald Trump’s trade war, which had investors nervous about future growth prospects.
Looking ahead, the market’s focus is squarely on the Federal Reserve’s two-day policy meeting, set to begin on Tuesday. Fed Chair Jerome Powell has previously stated that the central bank would proceed cautiously with interest rate cuts. Investors are hoping to gain insight into the Fed’s stance on economic data and potential policy adjustments. The Federal Reserve is widely expected to keep interest rates steady during this meeting. Any significant shifts in the Fed’s approach could have major implications for market sentiment.
Additionally, investors will keep an eye on upcoming data from the Commerce Department, which is expected to release housing start figures for February on Tuesday. This information could provide more clarity on the strength of the housing market and the broader economy.
In summary, stock futures traded in a narrow range as investors awaited the Federal Reserve’s policy decision. The focus is on whether the Fed will change course on interest rates in response to current economic conditions. The key phrase, “Federal Reserve’s policy decision,” highlights the central role of the meeting in shaping market expectations.
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