Market Reacts to Trade Developments and Fed's Upcoming Decision

Wall Street experienced a mixed closing on Monday, as investors digested the news of a long-awaited trade deal between the United States and the European Union. Simultaneously, attention turned to the commencement of another round of trade negotiations with China in Sweden.

Investor Focus Shifts to Federal Reserve

With the Federal Reserve's interest rate decision looming on Wednesday, market participants are on edge. Despite significant pressure from President Donald Trump, expectations are that the Fed will maintain current rates.

Performance of Key Indices

The Dow Jones saw a slight decline of 0.14%, largely due to a 2.35% drop in The Travelers Companies. Conversely, the Nasdaq 100 enjoyed a 0.36% gain, despite Advanced Micro Devices falling by 3.71%. The S&P 500 remained virtually unchanged.

Currency Movements

In currency markets, the euro experienced a sharp decline against the dollar, falling 1.29% to 1.15907 by 3:59 pm ET.