Oct 31 - Wall Street's main stock indexes dipped in choppy trading on Tuesday in the run-up to the Federal Reserve's monetary policy meeting, while investors assessed the latest batch of earnings reports and parsed through more economic data.
"The slightly stronger increase in the employment cost index in the third quarter is another sign that the earlier rapid easing in labour market conditions may be fading," said Andrew Hunter, deputy chief U.S. economist at Capital Economics. The Fed kicks off a two-day monetary policy meeting on Tuesday. At the end of the meet the central bank is widely expected to hold interest rates steady, according to the CME Group's FedWatch tool.
At 9:46 a.m. ET, the Dow Jones Industrial Average was down 92.67 points, or 0.28%, at 32,836.29, the S&P 500 was down 5.35 points, or 0.13%, at 4,161.47, and the Nasdaq Composite was down 57.94 points, or 0.45%, at 12,731.54. VF Corp dropped 6.7% after the Vans sneaker maker withdrew its annual forecast, while cloud solutions provider Arista Networks gained 8.5% on an upbeat fourth-quarter revenue outlook.
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:
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.
Futures advance as investors await Fed rate verdict; more earnings on tapKitco News collects and features the top financial, economic and geopolitical news from around the world. Kitco's aggregated sources include some of the top newswires in the world including the Association Press, Canadian Press, Japanese Economic Newswire, and United Press International.
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »
Wall St eyes higher open as investors await Fed rate verdict, more earningsKitco News collects and features the top financial, economic and geopolitical news from around the world. Kitco's aggregated sources include some of the top newswires in the world including the Association Press, Canadian Press, Japanese Economic Newswire, and United Press International.
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »
Dollar falls vs yen, stocks advance; focus on rates outlook, earningsKitco News collects and features the top financial, economic and geopolitical news from around the world. Kitco's aggregated sources include some of the top newswires in the world including the Association Press, Canadian Press, Japanese Economic Newswire, and United Press International.
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »
Wall Street jumps as earnings gather momentum, Fed meeting nearsKitco News collects and features the top financial, economic and geopolitical news from around the world. Kitco's aggregated sources include some of the top newswires in the world including the Association Press, Canadian Press, Japanese Economic Newswire, and United Press International.
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »