S&P 500 Index opens flat below 4,200 on Tuesday

Wall Street's main indexes opened near Monday's closing levels.
The S&P 500 Energy Index is up 1% supported by rising oil prices.

Eren Sengezer FXStreet

Major equity indexes started the second day of the week in a quiet manner ahead of the FOMC meeting and key macroeconomic data releases. As of writing, the S&P 500 Index was down 0.1% on the day at 4,185, the Nasdaq Composite was flat at 14,015 and the Dow Jones Industrial Average was losing 0.2% at 33,885.

Among the 11 major S&P 500 sectors, the Energy Index is up 0.5% supported by a 0.8% increase in US crude oil prices. On the other hand, the Materials Index is the worst performer after the opening bell, losing 0.75% on the day.

Later in the session, the Conference Board's Consumer Confidence Index will be looked upon for fresh impetus. On Wednesday, the US Federal Reserve will release its Monetary Policy Statement alongside the Interest Rate Decision.

S&P 500 chart (daily)

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

EUR/USD turns negative near 1.1850

EUR/USD has given up its earlier intraday gains on Thursday and is now struggling to hold above the 1.1850 area. The US Dollar is finding renewed support from a pick-up in risk aversion, while fresh market chatter suggesting Russia could be considering a return to the US Dollar system is also lending the Greenback an extra boost.

GBP/USD change course, nears 1.3600

GBP/USD gives away its daily gains and recedes toward the low-1.3600s on Thursday. Indeed, Cable now struggles to regain some upside traction on the back of the sudden bout of buying interest in the Greenback. In the meantime, investors continue to assess a string of underwhelming UK data releases released earlier in the day.