President Trump says the next round of stimulus is still being negotiated and says he wants to do what is best for the American people and for the economy.
US equity futures range from profit to loss before Wednesday’s trading session.
Futures indices suggest a small gain at the open.
GET FOX BUSINESS ON THE MOVE BY CLICKING HERE
There are various problems and events that could direct the trading session.
The Federal Reserve began a two-day interest rate meeting on Tuesday, with an announcement scheduled for Wednesday. Investors largely expect the central bank to keep short-term rates at their record, almost below zero, but they are also looking to hear what it says about how long they can stay there.
On Tuesday, the Fed said it will extend the life of seven of the loan programs for three months to the end of the year, an acknowledgment of the severity of the recession.
EDF FIGHTS WITH ITS NEXT MOVEMENTS As the virus halts the US economy.
On Capitol Hill, Apple CEO Tim Cook, Amazon CEO Jeff Bezos, Facebook CEO Mark Zuckerberg and CEO of Google’s parent company Alphabet Sundar Pichai will appear at an antitrust hearing from the House of Representatives.
Boeing will be the only Dow member to report earnings. Others who report before the bell include General Motors and General Electric. PayPal and Qualcomm will be available after markets close.
Asian stocks mixed on Wednesday as the company’s sad earnings reports add to pessimism about the widespread economic consequences of the coronavirus pandemic.
The Tokyo Nikkei lost 1.1 percent, the Hong Kong Hang Seng rose 0.5 percent, while the China Shanghai Composite rose 2.1 percent.
In Tuesday’s session, the S&P 500 fell 0.6 percent, the Dow Jones Industrial Average fell 0.8 percent, and the Nasdaq compound rose 2.1 percent.
In Europe, London’s FTSE added 0.3 percent, Germany’s DAX fell 0.1 percent, and France’s CAC rose 0.7 percent.
| Heart | Security | Latest | Change | Change% |
|---|---|---|---|---|
| Me: DJI | DOW JONES AVERAGES | 26379.28 | -205.49 | -0.77% |
| SP500 | S&P 500 | 3,218.44 | -20.97 | -0.65% |
| I: COMP | NASDAQ COMPOSITE INDEX | 10402.091515 | -134.18 | -1.27% |
Rising coronavirus counts in many states is bringing a new wave of closings, and investors hope Democrats and Republicans can agree on more aid for the roughly 16 million Americans who receive unemployment benefits, even though the two parts still seem far away.
CLICK HERE TO READ MORE ABOUT FOX BUSINESS
The benchmark US crude oil index added 47 cents to $ 41.51 a barrel in e-commerce on the New York Mercantile Exchange. It lost 56 cents at $ 41.04 a barrel on Tuesday. Brent crude, the international standard, gained 59 cents at $ 43.83 a barrel.
Associated Press contributed to this article.
