U.S. stock futures were swinging on Wednesday following Tuesday’s negative moves. Futures of major benchmark indices were mixed.
President Donald Trump arrived in Britain on Tuesday evening for his second state visit, greeted with royal pageantry and the announcement of a multibillion-dollar U.S. technology investment in the United Kingdom.
Investors await the Federal Reserve Open Market Committee’s decision, scheduled to be announced by this afternoon.
Meanwhile, the 10-year Treasury bond yielded 4.01% and the two-year bond was at 3.50%. The CME Group’s FedWatch tool‘s projections show markets pricing a 100% likelihood of the Federal Reserve cutting the current interest rates today.
| Futures | Change (+/-) |
| Dow Jones | 0.04% |
| S&P 500 | -0.01% |
| Nasdaq 100 | -0.02% |
| Russell 2000 | 0.06% |
The SPDR S&P 500 ETF Trust (NYSE:SPY) and Invesco QQQ Trust ETF (NASDAQ:QQQ), which track the S&P 500 index and Nasdaq 100 index, respectively, fell in premarket on Wednesday. The SPY was down 0.012% at $659.92, while the QQQ declined 0.027% to $591.02, according to Benzinga Pro data.
Cues From Last Session
Sectors with the biggest losses on Tuesday included utilities, real estate, and information technology, contributing to a mostly lower close for U.S. stocks. Bucking the trend, consumer discretionary and energy stocks closed higher.
The Federal Reserve’s expected cut on Wednesday would be the first reduction since December 2024 as it arrives with stock market indexes hovering near all-time highs.
Positive economic data showed U.S. retail sales rose 0.6% month-over-month in August, topping expectations, while U.S. industrial production rose 0.1%, beating forecasts for a decline. The NAHB/Wells Fargo Housing Market Index came in steady at 32.
In company news, Dave & Buster’s Entertainment Inc. (NASDAQ:PLAY) posted weaker-than-expected results for its second quarter.
The Dow Jones index ended 126 points or 0.27% lower at 45,757.90, whereas the S&P 500 index fell 0.13% to 6,606.76. Nasdaq Composite declined 0.066% to 22,333.96, and the small-cap gauge, Russell 2000, tumbled 0.087% to end at 2,403.03.
| Index | Performance (+/-) | Value |
| Nasdaq Composite | -0.066% | 22,333.96 |
| S&P 500 | -0.13% | 6,606.76 |
| Dow Jones | -0.27% | 45,757.90 |
| Russell 2000 | -0.087% | 2,403.03 |