Stock futures are down as investors anticipate the Federal Reserve's decision on interest rates, expected to remain unchanged despite some officials hinting at a potential hike. The focus will be on Chairman Kevin Warsh's press conference, where any signs of division within the Fed could impact market sentiment.
Meanwhile, Ford's shares rose over 5% after reporting better-than-expected second-quarter earnings and raising its full-year forecast, despite revenue falling short of estimates due to production issues from supplier fires. In contrast, Nike is struggling in China, with sales dropping for eight consecutive quarters, as younger consumers increasingly favor domestic brands.
Additionally, Visa plans to lay off 2,600 employees, representing 7% of its workforce, primarily affecting its technology and product operations