Market Opens Lower Amid Federal Reserve Anticipation

As the opening bell rang on Monday, major US stock markets showed a downward trend, with investors closely watching the Federal Reserve's upcoming interest rate decision. The anticipation has created a cautious atmosphere among traders, eager to see how the decision will impact the market.

Trade Relations Between US and China Under Scrutiny

Investors are also keeping a keen eye on the evolving trade relations between the United States and China. Hopes are high that negotiations will lead to a resolution of the ongoing disputes, potentially easing market tensions.

Significant Losses Across Major Indices

The Dow Jones Industrial Average saw a 0.59% drop, with Disney experiencing a notable decrease of 1.95%. Similarly, the Nasdaq 100 declined by 0.83%, following a sharp 5.58% plunge by On Semiconductor. The S&P 500 wasn't spared, falling 0.73%, with Zimmer Biomet Holdings taking a significant hit of 9.09%.

Euro Gains Against the Dollar

In currency markets, the euro appreciated by 0.52% against the dollar, trading at 1.13572 at 9:29 am ET, showcasing the dynamic nature of global financial markets.