Wall Street Slips Ahead of Federal Reserve Meeting; S&P 500 Ends Nine-Day Streak

Wall Street is poised to open lower today as investors turn their focus to the Federal Reserve’s upcoming policy announcement. The central bank begins its two-day meeting this morning, and while interest rates are expected to remain unchanged, traders will be listening closely to any guidance from Fed Chairman Jerome Powell about the direction of the U.S. economy.

The stock market lost some momentum to start the week. The S&P 500 fell Monday, ending a nine-day winning streak—its longest since 2004. The dip reflects growing investor caution ahead of the Fed’s remarks.

In addition to the Fed’s meeting, several key economic indicators and earnings reports are drawing attention. New data on the U.S. trade deficit is due out today, offering insight into global demand and domestic consumption. Corporate earnings from DoorDash, Marriott, and chipmaker AMD are also expected, potentially setting the tone for market performance later in the week.

Traders are particularly interested in what Powell might say about inflation and future rate cuts. Market analysts suggest that while a pause is expected this week, any signals about the Fed’s timeline for easing rates could sway markets in either direction.

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