2/1, 3:30 PM (Source: TeleTrader)
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Dow dips 200 pts at open as markets brace for Fed guidance

US stock markets opened in the red on Wednesday as investors are seemingly cautious about the decision by the US Federal Reserve on interest rates. In addition, today's trading day will also see the release of more corporate financial results. Meta will be one of them just after the close.

At 9:31 am ET, the Dow Jones lost 0.58% or 200 points, with Amgen declining by 2.72%. The Nasdaq 100 fell 0.15%, and Electronic Arts plummeted by 10.32%. A minute later, the S&P 500 dropped 0.29%, as West Rock plunged by 12.36%.

On the currency front, the American dollar lost momentum against several peers on the back of the Fed statement and after the latest batch of economic data from the Eurozone. Finally, at 9:28 am ET, the euro improved by 0.31% against the dollar selling for $1.09061.

Baha Breaking News (BBN) / JG