US Stock Futures Dip as Investors Await FOMC Decision

Services

Equity Investment with CA Abhay

Equity Trading with CA Abhay

Option Trading with CA Abhay

Stock Market Masterclass

FNO Stocks with CA Abhay

US Stock Futures Dip as Investors Await FOMC Decision

Team FS

19/Mar/2024

Key Points:

Caution Prevails: US stock futures edged lower on Tuesday, with S&P 500 contracts down 0.3%, Dow Jones slipping 40 points, and Nasdaq 100 declining by 0.6%. Traders are exercising caution ahead of the Federal Open Market Committee (FOMC) monetary policy decision scheduled for the next day.
Tech Giants Face Pressure: Pre-market trading saw Nvidia's shares down by 1.7% following underwhelming announcements at the company's conference. Similarly, Apple (-0.2%) and Alphabet (-0.9%) experienced declines after previous gains, while Tesla fell by 1.2% before the opening bell.
Positive Moves: On a positive note, Unilever witnessed a nearly 3% increase in its stock value after unveiling plans for a spin-off of its ice cream business and announcing a restructuring, signaling potential growth opportunities.

The US stock market kicked off with a cautious tone as futures pointed to a slight downturn. Investors are treading carefully amidst anticipation surrounding the Federal Open Market Committee's (FOMC) upcoming monetary policy decision. S&P 500 contracts slipped by 0.3%, with the Dow Jones losing 40 points, and Nasdaq 100 declining by 0.6%.

Tech giants faced pressure in pre-market trading, with Nvidia's shares dropping by 1.7% due to disappointing announcements at its recent conference.

Similarly, Apple and Alphabet saw slight decreases after previous gains, while Tesla fell by 1.2% before the market opened.

However, there were positive movements as well, with Unilever's stock surging nearly 3% following its announcement of plans to spin-off its ice cream business and undergo restructuring, potentially signaling promising developments for the company. Investors remain vigilant as they await further guidance from the FOMC meeting.

Also Read : J. Kumar Infraprojects Secures Major Development Project in Delhi
The project's scope, executed on an Engineering, Procurement, and Construction (EPC) basis, signifies a holistic approach towards infrastructure development. With a total contract value of Rs. 334.25 crores, inclusive of all taxes and statutory levies, this venture promises to elevate Delhi's transportation network to unprecedented heights.

Also Read : Stock Market Today - Investors Nervous as World Economy Changes
A sharp sell-off in the Indian equity market on Tuesday saw investors' wealth plummet, with the BSE's market capitalization dropping by about ₹5 lakh crore. Both the Nifty 50 and Sensex experienced notable losses, reflecting widespread selling triggered by global economic shifts.

For Daily Updates,
Join Our Telegram Channel
Join Our WhatsApp Channel

Services

US Stock Futures Dip as Investors Await FOMC Decision

Related News