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Stocks drop as Dow Jones falls before Fed meeting; Super Micro AI plunges.

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Dow Jones futures, along with other major indexes, saw a drop on Tuesday as the Federal Reserve meeting was set to begin, causing uncertainty among investors. Super Micro Computer, a leader in artificial intelligence, experienced a significant decline in stock price after announcing a stock offering of 2 million shares. This move led to a 10% plunge in Super Micro’s stock value, adding to losses incurred the previous day when the company joined the S&P 500 index.

As the 10-year Treasury yield ticked lower and oil prices fluctuated, tech-heavy Nasdaq 100 futures also declined ahead of the opening bell. The Federal Reserve’s upcoming two-day policy meeting, with an interest-rate decision expected on Wednesday, added to the market’s volatility. Additionally, housing data showed positive growth, with housing starts and permits exceeding estimates for February. Earnings movers in the market included StoneCo and Tencent Music, with StoneCo shares experiencing a notable drop while Tencent Music stock saw a slight increase in premarket trading.

Overall, Tuesday’s market action indicated a cautious approach from investors as they awaited the outcome of the Federal Reserve meeting and assessed economic data trends. The evolving market conditions underscored the importance of careful risk management and strategic decision-making in navigating the stock market’s current landscape. It remains essential for investors to stay informed, monitor key indicators, and identify potential opportunities among top-performing stocks like Arista Networks, Duolingo, Dexcom, and XP, while remaining vigilant against market volatility and unpredictability.

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