Wall Street’s main indexes have had a slow start to the week, retreating on Monday, and participants are bracing for what message the Fed will send if it pushes ahead with a well-telegraphed move to ease policy that has driven stocks higher since May.
Although trade talks between the world’s two biggest economies resumed on Tuesday, expectations among traders for any breakthrough are limited. At 8:43 a.m. ET, Dow e-minis 1YMcv1 were down 107 points, or 0.39%. S&P 500 e-minis EScv1 were down 15 points, or 0.5% and Nasdaq 100 e-minis NQcv1 were down 61 points, or 0.76%.
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