U.S. stocks open slightly lower ahead of Fed meeting

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 97%

Business News News

Business Business Latest News,Business Business Headlines

U.S. stocks opened slightly lower Tuesday, as investors brace for the Federal Reserve’s two-day policy meeting that will conclude on Wednesday with a...

U.S. stocks opened slightly lower Tuesday, as investors brace for the Federal Reserve’s two-day policy meeting that will conclude on Wednesday with a decision on interest rates. The Dow Jones Industrial Average DJIA, -0.11% was down 0.2% soon after the bell, while the S&P 500 SPX, -0.26% fell 0.2% and the Nasdaq Composite COMP, -0.45% shed 0.4%, according to FactSet data, at last check.

Traders have been expecting that the Fed will announce on Wednesday that it’s keeping its benchmark rate steady at a targeted range of 5.25% to 5.5% and will be watching for clues about the central bank’s future path of monetary policy. Meanwhile, investors were digesting fresh economic data on Tuesday that showed construction of new homes in the U.S. fell in August amid elevated mortgage rates while building permits increased.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Asian Stock Market: Trades lower amid the cautious mood, all eyes on Fed rate decisionAsian stock markets edge lower on Tuesday amid the cautious mood in the market ahead of the Fed interest rate decision. announcement. Investors are co
Source: FXStreetNews - 🏆 14. / 72 Read more »

5 things to know before the stock market opens TuesdayHere are the most important news items that investors need to start their trading day.
Source: CNBC - 🏆 12. / 72 Read more »

Stock Market Today: Dow ekes out gain as energy, tech rise; Fed meeting eyed By Investing.comStock Market Today: Dow ekes out gain as energy, tech rise; Fed meeting eyed
Source: Investingcom - 🏆 450. / 53 Read more »

Jim Cramer's top 10 things to watch in the stock market TuesdayThe Dow, the S&P 500 and the Nasdaq are set for a muted open.
Source: CNBC - 🏆 12. / 72 Read more »

Stock market today: Global shares mixed ahead of Federal Reserve interest rate decisionGlobal shares are mixed in cautious trading ahead of the Federal Reserve’s decision on interest rates later in the week.
Source: wjxt4 - 🏆 246. / 63 Read more »