S&P 500 futures showed little change on Monday night as investors braced for the Federal Reserve’s upcoming policy meeting. Futures tied to the Dow Jones Industrial Average were down by just 9 points, while Nasdaq-100 futures dipped 0.2%. During Monday’s session, the S&P 500 fell 0.6%, ending its nine-day winning streak, the longest since 2004. The tech-heavy Nasdaq Composite dropped 0.7%, and the Dow slipped 0.2%. Tariff uncertainties continue to weigh on markets, though Treasury Secretary Scott Bessent suggested that deals might be near. Investors are closely watching the Fed’s two-day policy meeting starting Tuesday, with an announcement expected Wednesday afternoon. Despite a low probability of a rate cut, traders will focus on Fed Chair Jerome Powell’s comments regarding the economic outlook. Concerns persist about potential supply chain disruptions and growth slowdowns, though global interdependence suggests agreements may come sooner rather than later. On the economic front, U.S. trade deficit data for March is due on Tuesday, and earnings reports from DoorDash, Advanced Micro Devices, and Super Micro Computer are awaited.
— new from CNBC
