Market Reacts to Federal Reserve and Trade Talks

Investors showed caution as Wall Street closed lower on Tuesday, with all eyes on the Federal Reserve's upcoming interest rate decision. Expectations are low for any relaxation in monetary policy, adding to the market's tension.

US-China Trade Truce Extended

Trade negotiations between the United States and China have led to an agreement to extend the tariff truce, pending approval from President Donald Trump. This development has kept the market on its toes, as stakeholders await the final decision.

Corporate Earnings in Focus

Tech giants Microsoft and Meta are set to unveil their earnings results tomorrow, adding another layer of anticipation for investors. The Dow Jones and Nasdaq 100 saw declines, with significant drops from UnitedHealth and PayPal, respectively.

Currency Movements

On the currency front, the euro experienced a slight decline against the dollar, trading at 1.15502 by the end of the day.