Wall Street declines as eyes fixed on Fed meeting

US stock indices fell on Monday as most tech companies released their quarterly results with focus now turning to the Fed’s meeting.

The Federal Reserve’s policy meeting starts tomorrow, with the bank widely expected to hold interest rates flat despite Trump’s calls to cut rates.

Investors will assess Fed Chair Jerome Powell’s remarks closely following the meeting to gauge the likely pace ahead of interest rate cuts this year.

Otherwise, Beijing finally hinted this week that it’s open for negotiations with Washington on trade, thus calming investor concerns about the trade war.

On trading, Dow Jones edged 0.4% lower, or 25 points to 41,320 points, while S&P 500 declined 0.4%% to 5661 points, as NASDAQ slipped 0.6% to 17,868 points.