US stocks fall ahead of Fed meeting
US stock indices fell in early trading on Tuesday, ahead of the Federal Reserve meeting, and after the release of further Q2 corporate earning results.
The US Federal Reserve's monthly meeting will start later today, and will continue to Wednesday, amid expectations of holding the benchmark interest rate near zero, and will be followed by a press conference from the Fed Chief Jerome Powell.
Major US companies will start announcing their Q2 business results this week, led by Apple, Facebook and Amazon.
Tesla reported yesterday its quarterly earnings, which showed a strong jump in revenues and profits during the second quarter, thanks to the electric vehicle sales.
As for stocks, Dow Jones fell 0.5% or 161 points to 34,982 as of 14:20 GMT, and S&P 500 fell 0.5% or 25 points to 4,396, while Nasdaq fell 1.2% or 180 points to 14,660.
| Symbol | Last | Change | Chg.% | ||
|---|---|---|---|---|---|
|
|
|
1.1737
|
0.0023
|
0.1959%
|
|
|
|
|
1.3718
|
0.0042
|
0.3097%
|
|
|
|
Tadawul
|
11270.57
|
-40.58
|
0.36%
|
|
|
|
|
22.742
|
0.442
|
1.982%
|
|
|
|
|
73.408
|
2.475
|
3.489%
|
|
|
|
|
77.54
|
0.28
|
0.36%
|
|
|
|
|
1756.065
|
-0.740
|
0.042%
|
|
