At the close of U.S. trade, the Dow Jones Industrial Average gave back 0.49%, the S&P 500 index dropped 0.43%, while the Nasdaq Composite index fell 0.21%.
Although a majority of market participants seemed to believe the Fed will not announce any new stimulus measures this week, investors were eyeing the outcome of the two-day meeting for hints of additional measures in the near future.
Meanwhile, expectations have been building that the ECB will announce measures to stem the long running debt crisis after central bank head Mario Draghi pledged last week to do whatever is necessary to preserve the euro.
Asian stocks fell on Wednesday after China released weaker-than-expected manufacturing data. During Asian trading on Wendesday, Hong Kong's Hang Seng Index was up 0.26%, Australia's S&P/ASX200 was down 0.21%, while Japan’s Nikkei 225 Index was down 0.89%.
The China Logistics Information Center reported Wednesday that its Chinese Manufacturing PMI rose to an annual rate of 50.10 in July, from 50.20 in June.
Dow Jones Futures support Today's : - 13053.70, 12994.23 and 12962.80 (main), where a delay and correction may happen. After that 12910.37. Break of the latter will give 12876.53, where correction also can be. Then follows 12825.14. Be there a strong impulse, we shall see 12803.40. Continuation will bring 12774.30.
Dow Jones Futures resistance Today's: - 13180.78, 13235.67, 13280.55 and 13321.17 (main), where a delay and correction may happen. Break would bring 13362.90, where a correction may happen. Then follows 13462.18, where a delay and correction could also be. Be there a strong impulse, we'd see 13511.23. Continuation would bring 13546.40 and 1.3584.37.
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