Investors on Edge Ahead of Federal Reserve Announcement

As the financial world turns its gaze towards the Federal Reserve's upcoming policy announcement on Wednesday, May 7, US stock futures have taken a noticeable dip. The anticipation is palpable, with market participants also keeping a close watch on potential shifts in trade policy that could introduce new tariffs, adding another layer of complexity to the current market sentiment.

Market Movements in Early Trading

Early Monday trading saw Dow Jones futures decline by 0.54%, a drop of 223 points, while the Nasdaq 100 and S&P 500 weren't far behind, falling 0.67% and 0.63% respectively. In currency markets, the euro made gains against the dollar, trading 0.71% higher at $1.13230 by 4:32 am ET.