U.S. stock futures showed minimal changes on Monday night as investors braced for the Federal Reserve’s upcoming policy meeting. This meeting is the first since President Donald Trump announced ‘reciprocal’ tariffs in early April. S&P 500 futures hovered near the flatline, while futures tied to the Dow Jones Industrial Average increased by 14 points, or 0.03%. Nasdaq-100 futures declined slightly by 0.1%. During Monday’s main session, the S&P 500 dropped 0.6%, ending its nine-day rally, the longest since 2004. The tech-heavy Nasdaq Composite fell 0.7%, and the Dow slipped 0.2%. Tariff uncertainties continue to impact the markets, although Treasury Secretary Scott Bessent expressed optimism about potential deals. Investors are closely watching the Fed’s two-day meeting starting Tuesday, with an announcement expected Wednesday afternoon. Despite a low chance of rate cuts, traders await insights from Fed Chair Jerome Powell regarding the economic outlook. Concerns persist over tariffs, despite stronger-than-expected service sector activity in April. Economic data on the U.S. trade deficit for March is due on Tuesday, alongside earnings reports from DoorDash, Advanced Micro Devices, and Super Micro Computer.
— new from CNBC
