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Market Update: US Stock Futures Trade Flat
US Futures were little changed n early Asian trade after a decline from record levels in the previous session as investors retreated following a weaker than expected retail sales report and refrained from making big moves as the Federal Reserve kicked off its two-day policy meeting. On the monetary policy front, the Federal Reserve is not expected to make any policy moves, but may signal that its beginning to think about easing its bond-buying policy. The Fed will also release new forecasts on Wednesday, which could indicate a possible first rate hike penciled in for 2023. On Tuesday, The S&P 500 dipped 0.2% to 4246.59 after hitting a new all-time high earlier in the session. The Dow fell 94.42 points or 0.3% to 34299.33. The Nasdaq, which hit a record closing high in the previous session, pulled back 0.7% to 14072.86. [/s2If]
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