Stocks Set to Open Lower as Investors Await Fed Meeting, Banking Sector Remains in Focus

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June S&P 500 futures (ESM23) are down -0.05%, and June Nasdaq 100 E-Mini futures (NQM23) are down -0.10% this morning after three major U.S. benchmark indices closed in the red on Friday as ongoing concerns about the banking sector continued to weigh on market sentiment, with investors looking ahead to the Federal Reserve’s upcoming interest rate decision. Over the weekend, UBS Group AG announced it would buy Credit Suisse Group AG for 3 billion Swiss francs in a stock-based transaction. Swiss authorities played a crucial role in facilitating the deal as regulators looked to shore up the globa…

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