American Express – World shares turn lower on pandemic concerns, ahead of Fed

Stock markets are down as investors focus on the Federal Reserve’s policy meeting and the outlook for the economy as the coronavirus pandemic rages on. European indexes lost early gains on Monday after a mixed session in Asia. In the U.S., futures are down 0.8% for both the Dow and the S&P 500. Investors are weighing solid corporate earnings results against growing concerns over the pandemic. Many large companies are reporting this week from all parts of the economy, including American Express, Johnson & Johnson, Apple and General Electric. The Fed is expected to keep its extremely supportive policy stance unchanged given the slow progress in vanquishing the pandemic.