Stocks steady as investors await Fed comments and Trump's tax vote

From Investing.com: 2025-05-20 09:55:00

US Futures are down across the board, with the Nasdaq leading the losses at -0.4%. In Europe, stocks are up, with the FTSE 100 gaining nearly 1%. Moody’s cut the US credit rating, putting more focus on the US debt ahead of Trump’s tax cut vote this week. Oil prices remain steady amid various influencing factors. U.S. stocks are holding steady as investors await further commentary from Federal Reserve officials. Home Depot is up 2%, while Apple is falling due to decreased Chinese shipments. The Dow Jones is showing signs of recovery, with technical analysis pointing towards further gains. In the FX markets, the USD is flat, while the EUR/USD falls. Oil prices are holding steady as investors assess multiple influencing factors, including US-Iran negotiations and Russia-Ukraine peace talks.



Read more at Investing.com: Stocks Steady as Wall Street Awaits Fed Clarity and Trump’s Tax Vote