Traders were working at the New York Stock Exchange. Stock futures went down a bit on Tuesday after two days of gains. The Dow Jones Industrial Average futures fell by 0.18%. S&P 500 futures were down by 0.21%, and Nasdaq 100 futures dropped by 0.31%.
Recently, Wall Street had been facing tough times due to weak economic data and uncertainty over tariffs. The S&P 500 entered correction territory last week but has made some gains in the past two days. The Nasdaq Composite is still in correction territory.
Investors are now looking forward to the Federal Reserve’s two-day policy meeting starting on Tuesday. The interest rate announcement and press conference with Fed Chair Jerome Powell will be closely watched on Wednesday. It is highly likely that the Fed will keep rates steady.
Economic data on imports, housing, building, and production will be released on Tuesday. No major earnings reports are expected.
Vocabulary List:
- Futures /ˈfjuːtʃərz/ (noun): Contracts to buy or sell an asset at a future date and price.
- Correction /kəˈrɛkʃən/ (noun): A decline in the price of an asset or financial market.
- Economic /ˌiː.kəˈnɒm.ɪk/ (adjective): Relating to the economy or financial matters.
- Announcement /əˈnaʊnsmənt/ (noun): A public statement about something important.
- Investors /ɪnˈvɛstərz/ (noun): Individuals or entities that allocate capital with the expectation of a financial return.
- Tariffs /ˈtærɪfs/ (noun): Taxes imposed by a government on imported goods.
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