Wall Street declines as eyes shift to Fed's meeting

3 days ago

US stock indices declined on Tuesday as markets await the Federal Reserve's policy meeting and interest rate decisions.


Fed members will convene today and will carry on their meetings until tomorrow, followed by rate decisions.


The Fed is widely expected to hold interest rates unchanged this week, with traders putting up a 99% percent chance of that according to the Fed Watch tool.



However, investors will analyse the accompanying press release closely, in addition to Fed Chair Jerome Powell's press statements to gauge the likely path ahead for policies this year.


Investors also await the ongoing negotiations between automotive companies and labor unions, as strikes threaten to hurt production. 


On trading, Dow Jones fell 0.8% as of 17:11 GMT, or 280 points to 34,345, as S&P 500 shed 0.7%, or 32 points to 4420, while NASDAQ lost 0.9%, or 120 points to 13,590.

American Markets News

Americas News


US 10-year treasury yields climb above 4.5% for first time in 16 years
19 hours ago
US 10-year treasury yields surge on Friday for the fourth straight session, moving above 4.5% for ...
Americas News


Wall Street declines to one-month low as US yields increase
1 day ago
US stock indices fell on Thursday to one-month lows as US treasury yields rose once more while ...
Americas News


Dow Jones rise ahead of Fed decisions
2 days ago
Most US stock indices rose on Wednesday ahead of Fed policy decisions.   Stocks were boosted ...