Tech futures, stock futures trading cautiously ahead of Fed decision


US equity futures are swinging between profit and loss ahead of Wednesday’s trading session.

Futures indexes suggest a small gain in the open.

Click Here To Get Fox Trade On The Go

There are several issues and events that can advance the trading session.

The Federal Reserve began a two-day meeting on interest rates on Tuesday, which was announced Wednesday. Investors largely expect the central bank to keep short-term rates low-zero in their records, but they also want to hear what it says about how long they can stay there.

On Tuesday, the Fed said it would extend the lifespan of seven of the lending programs through the end of the year, acknowledging the severity of the recession.

Already Virus with IERS faces US economic developments

On Capitol Hill, Apple CEO Tim Cook, Amazon CEO Jeff Bezos, Facebook CEO Mark Zuckerberg and Google’s parent company Alphabet CEO Sundar Pichai will present at the Antitrust hearing.

Boeing will be the only Dow member reporting income. Others reporting before the bell include General Motors and General Electric. PayPal and Qualcomm will be close to the markets.

Asian stocks were mixed on Wednesday about pessimistic company’s earnings growth on macroeconomic decline from the coronovirus epidemic.

Tokyo’s Nikkei climbed 1.1 percent, Hong Kong’s Hang Seng climbed 0.5 percent, while China’s Shanghai Composite jumped 2.1 percent.

In Tuesday’s session, the S&P 500 fell 0.6 percent, the Dow Jones Industrial Average 0.8 percent and the Nasdaq Composite 2.1 percent.

In Europe, London’s FTSE gained 0.3 percent, Germany’s Dax gained 0.1 percent and France’s CAC gained 0.7 percent.

Anchor Security The last Change Change %
Me: DJI Dow jones average 26379.28 -205.49 -0.77%
SP500 S&P 500 3218.44 -20.97 -0.65%
Me: comp NASDAQ Composite Index 10402.091515 -134.18 -1.27%

Rising coronavirus viruses are bringing a new wave of virus closures in many states and investors expect Democrats and Republicans to deal on aid of 16 million or more, with either Americans receiving unemployment benefits, even if both The sides still feel distant.

Read more on Fox Business

Benchmark US crude oil on the New York Mercantile Exchange rose 47 percent to $ 41.51 per barrel in electronic trading. It fell 56 cents to $ 41.04 a barrel on Tuesday. Internationally, Brent crude rose 59 cents to $ 43.83 a barrel.

The Associated Press contributed to this article.

Leave a Reply

Your email address will not be published.