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Dow futures are lower after a Fed rate cut



U.S. the shares were set to open a little lower on Thursday morning.

About 1:44 a.m. Dow's ET futures fell 50 points, indicating a negative opening of more than 53 points. S&P and Nasdaq futures also traded lower.

Wall Street ended Wednesday's session, slightly modified, after the Federal Reserve failed to meet market expectations for further interest cuts this year. On Wednesday, the central bank cut overnights by 25 basis points. This is the second time this year that the Fed has cut rates.

Money managers are following a new round of face-to-face conversations between Chinese and US officials, starting in Washington later on Thursday.

With respect to the data, there will be claims for unemployed and current account numbers payable at 8:30 am ET, as well as existing home sales due at 1

0:00 am ET.

Darden Restaurants, Scholastic and Steelcase will be reported in the previous section.


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