FX.co ★ US Stock Futures Move Lower

On Thursday, U.S. stock futures indicated a lower opening, reversing some of the previous day's advances as investors re-evaluated the risks of an economic downturn due to the U.S. government's disruptive policies. Futures contracts for the S&P 500 and Dow Jones were down by 0.4%, while those for the Nasdaq 100 saw a decline of 0.6%. In the previous session, equities made significant gains after the Federal Reserve maintained interest rates at their current level, aligning with expectations, and its dot plot continued to suggest two rate cuts within the year. Chairman Jerome Powell minimized concerns that President Trump's tariffs could lead to a surge in inflation, labeling the effects as temporary. However, adjustments indicating reduced GDP forecasts and increased unemployment projections reflected the FOMC's view that tariffs and decreased public expenditure are detrimental to growth. Tesla's futures dropped by 2% following a recall of its Cybertrucks, and U.S.-listed Pinduoduo (PDD) shares fell 7% after failing to meet sales forecasts.