Stock market news today: S&P 500, Nasdaq drop in wait for key earnings, Fed meeting kicks off

US stocks fell on Tuesday led by a drop in shares of AI chip heavyweight Nvidia as investors awaited key earnings from the likes of Microsoft and the Federal Reserve started its rate-setting policy meeting. The S&P 500 fell 0.4% while the tech-heavy Nasdaq Composite dropped more than 1%, on the heels of a lackluster session for the major gauges. The Dow Jones Industrial Average clung onto gains.

Wall Street is watching closely for any sign that massive AI investments are starting to pay off. It's especially in focus after July's volatile ride for stocks underlined the risks of the AI trade, as investors rotated out of Big Tech and into small caps. Pharmaceuticals Merck and Pfizer posted quarterly results prior to the market open, as well as consumer products giant Procter & Gamble . Coffee-shop chain Starbucks will report after the market close, as will chip giant AMD .

Indonesia Berita Terbaru, Indonesia Berita utama

Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.

Stock market today: Stock futures steady as S&P 500, Nasdaq try to build on recordsA consequential week that could provide key signals for the near-term path of interest rates.
Sumber: YahooFinanceCA - 🏆 47. / 63 Baca lebih lajut »

Stock market news today: S&P 500, Nasdaq inch higher to kick off huge week for marketsInvestors are bracing for a big week filled with a Fed rate decision, the jobs report and Big Tech earnings.
Sumber: YahooFinanceCA - 🏆 47. / 63 Baca lebih lajut »

Stock market news today: S&P 500, Nasdaq gain to kick off huge week for marketsInvestors are bracing for a big week filled with a Fed rate decision, the jobs report and Big Tech earnings.
Sumber: YahooFinanceCA - 🏆 47. / 63 Baca lebih lajut »

Stock market news today: Tech roars back as S&P 500, Nasdaq surge ahead of earningsInvestors are surveying a changed political landscape after Biden called off his re-election bid, assessing what it could mean for the Trump trade.
Sumber: YahooFinanceCA - 🏆 47. / 63 Baca lebih lajut »

Stock market news today: Tech roars back as S&P 500, Nasdaq surgeInvestors are surveying a changed political landscape after Biden called off his re-election bid, assessing what it could mean for the Trump trade.
Sumber: YahooFinanceCA - 🏆 47. / 63 Baca lebih lajut »

Stock market news today: S&P 500, Nasdaq post sharpest weekly losses since April amid tech routStocks are facing another rough ride after a global IT outage hit businesses worldwide, with weekly losses in play.
Sumber: YahooFinanceCA - 🏆 47. / 63 Baca lebih lajut »