Market Anticipation Builds Ahead of Federal Reserve Meeting

As the Federal Reserve prepares to announce its decision on key interest rates, Wall Street futures have taken a downward turn. This pivotal meeting marks the first since President Donald Trump's announcement of reciprocal tariffs on April 2, a move that has injected a dose of uncertainty into global markets.

Early Morning Trading Highlights

At 4:25 am ET, the Dow Jones Industrial Average saw a decline of 0.50%, with the Nasdaq 100 not far behind, dropping by 0.80%. Shortly after, at 4:26 am ET, the S&P 500 also experienced a decrease, falling by 0.63%.

Euro Gains Ground

In currency news, the euro appreciated by 0.26% at 4:27 am ET, trading at $1.13434, showcasing a slight but notable gain amidst the market's cautious stance.