US open: Stocks lower as traders look ahead to FOMC decision

By Iain Gilbert

Date: Tuesday 06 May 2025

(Sharecast News) - Major indices were in the red early on Tuesday as market participants looked ahead to the outcome of the Federal Open Markets Committee's two-day policy meeting.
As of 1525 BST, the Dow Jones Industrial Average was down 0.42% at 41,047.09, while the S&P 500 lost 0.51% to 5,621.33 and the Nasdaq Composite came out of the gate 0.75% weaker at 17,709.61.

The Dow opened 171.74 points lower on Tuesday, extending losses recorded in the previous session.

All eyes were firmly focused on the Fed early on Tuesday, with investors hoping to gain more insight into the central bank's thinking at its first policy meeting since Donald Trump announced his "reciprocal" tariffs at the start of April. Fed funds futures suggest just a 2.7% chance of the central bank cutting rates.

Also likely to draw some attention, Treasury Secretary Scott Bessent will testify before the House Appropriations Committee on Tuesday and could potentially provide insight into the "200 deals" that Trump claims to have struck with other countries, while the president himself was scheduled to meet with Canadian prime minister Mark Carney, marking the first meeting of the two leaders since Carney replaced Justin Trudeau in March.

On the macro front, the US trade deficit widened to a fresh record high of $140.5bn in March, according to the Bureau of Economic Analysis, wider than forecasts of $137.0bn. Imports jumped 4.4% to an all-time high of $419.0bn, while exports were up just 0.2%.

In the corporate space, DoorDash reported Q1 revenues and total orders that fell short of expectations.

Still to come, Advanced Micro Devices and Super Micro Computer will all report earnings on Tuesday.

















Reporting by Iain Gilbert at Sharecast.com

Dow Jones - Risers

Verizon Communications Inc. (VZ) $43.67 0.30%
Chevron Corp. (CVX) $135.77 0.20%
Walt Disney Co. (DIS) $92.22 0.12%
Dow Chemical Co. (DOW) $28.97 0.07%
Dowdupont Inc. (DWDP) $0.00 0.00%
Caterpillar Inc. (CAT) $322.63 -0.15%
Apple Inc. (AAPL) $198.55 -0.17%
McDonald's Corp. (MCD) $315.02 -0.22%
Procter & Gamble Co. (PG) $158.46 -0.23%
Walgreens Boots Alliance, Inc. (WBA) $10.97 -0.27%

Dow Jones - Fallers

Merck & Co. Inc. (MRK) $80.60 -2.70%
Amgen Inc. (AMGN) $273.07 -2.50%
Intel Corp. (INTC) $19.93 -1.65%
Goldman Sachs Group Inc. (GS) $552.42 -1.28%
3M Co. (MMM) $139.17 -1.16%
Boeing Co. (BA) $184.73 -0.93%
Unitedhealth Group Inc. (UNH) $401.20 -0.89%
American Express Co. (AXP) $275.86 -0.78%
Cisco Systems Inc. (CSCO) $58.87 -0.77%
Home Depot Inc. (HD) $359.33 -0.66%

S&P 500 - Risers

Celanese Corp. (CE) $48.94 9.31%
Ford Motor Co. (F) $10.51 3.34%
Sealed Air Corp. (SEE) $28.32 2.85%
Marriott International - Class A (MAR) $253.40 2.48%
Vornado Realty Trust (VNO) $37.92 2.47%
Apache Corp. (APA) $15.81 1.97%
Archer-Daniels-Midland Co. (ADM) $48.40 1.88%
Occidental Petroleum Corp. (OXY) $39.38 1.48%
Align Technology Inc. (ALGN) $180.10 1.40%
Duke Energy Corp. (DUK) $122.33 1.31%

S&P 500 - Fallers

Ipg Photonics Corp. (IPGP) $52.34 -17.09%
Vertex Pharmaceuticals Inc. (VRTX) $436.92 -12.65%
Coterra Energy Inc. (CTRA) $23.05 -8.80%
Transdigm Group Inc. (TDG) $1,391.73 -5.49%
Jacobs Solutions Inc. (J) $119.88 -5.33%
Zoetis Inc (ZTS) $151.42 -4.20%
Kohls Corp. (KSS) $6.76 -4.18%
Clorox Co. (CLX) $132.88 -3.98%
Nektar Therapeutics (NKTR) $0.66 -3.92%
Regeneron Pharmaceuticals Inc. (REGN) $582.59 -3.48%

Nasdaq 100 - Risers

Marriott International - Class A (MAR) $253.40 2.48%
Trip.com Group Limited (TCOM) $61.77 2.12%
Baidu Inc. (BIDU) $91.89 1.81%
Qvc Group Inc Series A (QVCGA) $0.17 1.58%
Align Technology Inc. (ALGN) $180.10 1.40%
Henry Schein Inc. (HSIC) $67.42 1.26%
Vodafone Group Plc ADS (VOD) $9.70 1.00%
Sirius XM Holdings Inc (SIRI) $21.45 0.78%
Adobe Systems Inc. (ADBE) $383.13 0.54%
Netflix Inc. (NFLX) $1,140.04 0.53%

Nasdaq 100 - Fallers

Vertex Pharmaceuticals Inc. (VRTX) $436.92 -12.65%
Regeneron Pharmaceuticals Inc. (REGN) $582.59 -3.48%
Fastenal Co. (FAST) $79.69 -3.31%
Gilead Sciences Inc. (GILD) $100.06 -2.68%
Amgen Inc. (AMGN) $273.07 -2.50%
Tesla Inc (TSLA) $273.43 -2.44%
Biomarin Pharmaceutical Inc. (BMRN) $60.88 -1.90%
Nvidia Corp. (NVDA) $111.75 -1.81%
Micron Technology Inc. (MU) $78.97 -1.80%
Skyworks Solutions Inc. (SWKS) $64.94 -1.80%

« Go back to news channel

Email this article to a friend

or share it with one of these popular networks:

• DIGG
• FACEBOOK
• STUMBLEUPON
• MIXX
• YAHOO BUZZ
• DELICIOUS
• REDDIT
• NEWSVINE