Developments on the tariff front are likely to remain in the spotlight on Wednesday, while traders are also likely to keep an eye on the minutes of the latest Federal Reserve meeting.
Early signs from the U.S. Futures Index suggest that Wall Street might open in negative territory. The FOMC minutes might be the highlight on Wednesday.
As of 8.10 am ET, the Dow futures were declining 724.00 points, the S&P 500 futures were down 88.00 points and the Nasdaq 100 futures were falling 264.75 points.
The U.S. major averages finished significantly down on Tuesday. The Nasdaq plunged 335.35 points or 2.2 percent to 15,267.91, the S&P 500 slumped 79.48 points or 1.6 percent to 4,982.77 and the Dow slid 320.01 points or 0.8 percent to 37,645.59.
On the economic front, the 10-year Treasury Note auction will be held at 1.00 pm ET.
The Federal Open Market Committee or FOMC Minutes will be issued at 2.00 pm ET.
Ten-month Treasury bill auction will be held at 11.30 am ET.
Richmond Fed President Thomas Barkin will participate in a conversation with the Economic Club of Washington at 12.30 pm ET.
Asian stocks resumed losses on Wednesday. China’s Shanghai Composite Index jumped 1.3 percent to 3,186.81. Hong Kong’s Hang Seng Index ended 0.7 percent higher at 20,264.49.
Japanese markets tumbled. The Nikkei 225 Index plunged 3.9 percent to close at 31,714.03, while the broader Topix Index settled 3.4 percent lower at 2,349.33.
Australian markets finished lower. The benchmark S&P/ASX 200 Index dove 1.8 percent to 7,375, while the broader All Ordinaries Index closed down 1.9 percent at 7,561.70.
Business News
Wall Street Continue To Be In Negative Territory At Open
2025-04-09 12:37:33
