US Stock Market LIVE: Dow futures down 280 points; Ferrari warns of tariff risk

US Stock Market LIVE: Futures on Wall Street have extended losses after initially being on the edge. The Dow futures are now down 300 points, while those on the S&P 500 and Nasdaq are down 50 points and 220 points respectively. US President Donald Trump has said that he has no plans of having a conversation with China President Xi Jinping anytime soon, even as both countries continue to engage in talks, according to the Trump administration. Watch this space for all the Live updates.

US Stock Market LIVE: Futures on Wall Street have extended losses after initially being on the edge. The Dow futures are now down 300 points, while those on the S&P 500 and Nasdaq are down 50 points and 220 points respectively. US President Donald Trump has said that he has no plans of having a conversation with China President Xi Jinping anytime soon, even as both countries continue to engage in talks, according to the Trump administration. All eyes are now on the two-day FOMC meet that begins today. Jerome Powell, the Fed Chair, is all set to keep rates unchanged, much to the dismay of the US President, who has repeatedly called for lowering rates. European markets are mixed amidst a slew of results. The US Dollar Index continues to waver around the 100 mark, while crude oil prices are seeing some support at levels of $60. Gold is also seeing buying from lower levels, and is back towards the $3,400 mark ahead of the Fed outcome. Watch this space for all the Live updates.