Stock Market Today: Dow edges lower
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U.S. stock futures declined on Wednesday following Tuesday's mixed traded. Futures of major benchmark indices were lower.
US stocks rose amid increasing expectations that the Federal Reserve will cut interest rates at its next meeting, following the latest inflation data.
Dow, S&P 500, and Nasdaq futures are falling in premarket trading as the stock market braces for the Federal Reserve's minutes and any clues about interest-rate cuts.
Shares of GE Vernova Inc. slid 3.50% to $603.13 Tuesday, on what proved to be an all-around mixed trading session for the stock market, with the Dow Jones Industrial Average rising 0.02% to 44,922.27 and the S&P 500 Index falling 0.
U.S. markets are caught in limbo this morning. Stock futures for the Dow, S&P 500, and Nasdaq are slipping as traders juggle hopes for Federal Reserve rate cuts with worries over retail earnings and global politics.
The Nasdaq Composite extended its slide on Tuesday–and even the Dow Jones Industrial Average was struggling after hitting an intraday record this morning. The tech-heavy index was down 1.5%, while the Dow was down 90 points,
A bullish "golden cross" is set to appear in the Dow Jones Transportation Average's chart on Tuesday, given the current upward trajectory of the 50-day moving average, and the slight downward trajectory in the 200-DMA.