Dow futures drop 0.6% while S&P 500 and Nasdaq futures show mixed moves ahead of the Federal Reserve’s policy announcement.
US stock index futures turned lower Wednesday as traders awaited the Federal Reserve’s monetary policy decision. Dow futures fell 0.6%, while S&P 500 futures were flat and Nasdaq futures slipped 0.1%, reversing earlier gains.
The moves come ahead of the Fed’s announcement, with markets pricing in expectations for interest rate guidance. Investors are also monitoring key earnings reports from major companies, which could influence sentiment.
Equity futures had shown modest strength earlier in the session but pared gains as the Fed decision approached, reflecting caution among traders.