In the early trading, US stocks fell significantly due to disappointing corporate earnings reports and lack of progress in trade negotiations.

On the eve of the Federal Reserve decision, the US stock market maintained a risk-averse mode, disappointing corporate earnings, and worrying economic signals about the impact of Trump's trade war spreading, causing US stocks to decline in early trading. At 9:50 New York time, the S&P 500 index fell 1%, the Nasdaq 100 index fell 1.3%, and the Dow fell 1%. Investors are waiting for the US to make more substantive progress in negotiations with major trading partners, as the buying momentum that previously pushed the stock market back from the brink of a bear market has weakened. Ford Motor Company has suspended financial guidance, stating that auto tariffs will impact profits. Palantir Technologies Inc.'s stock price has fallen because its performance did not meet high expectations. At the same time, data shows that the US trade deficit expanded in March and hit a record high, which did not help market sentiment. Goldman Sachs strategist stated that looking at current stock market valuations, there is not much room to support the recent rally. Earlier, the S&P 500 index ended its longest streak of consecutive gains in about 20 years on Monday. Morgan Stanley strategists pointed out that US assets are not a good safe haven.