News Formal

Stock market today: US stocks slip from records as focus turns to Fed

  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 25 sec. here
  • 5 min. at publisher
  • 📊 Quality Score:
  • News: 23%
  • Publisher: 63%

Nasdaq Composite News

Fed,Federal Reserve,Record Highs

Investors braced for a Federal Reserve meeting that should signpost the path of interest rates, with a key inflation print also waiting in the wings.

US stocks drifted lower on Tuesday, retreating from record highs as investors waited for the start of a Federal Reserve meeting that should signpost the path of interest rates. The S&P 500 fell 0.3% while the tech-heavy Nasdaq Composite dropped roughly 0.2% on the heels of notching all-time closing highs. The Dow Jones Industrial Average dropped 0.4%. Stocks have managed to make headway amid market uncertainty about an economy that may be too hot or too cold for comfort.

The two-day Fed policy meeting that kicks off Tuesday is heavily expected to end with borrowing costs kept at their two-decade high. Investors will still watch out for hints on when a shift to cuts will come, with September or November in the frame. Read more: How does the labor market affect inflation? Investors calculating the rate-reduction odds are also looking ahead to May consumer price data due out on Wednesday, given its crucial role in the Fed's deliberations.

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:

 /  🏆 47. in SG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Singapore Singapore Latest News, Singapore Singapore Headlines

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

Stock market today: Stocks steady as investors await Nvidia earningsInvestors biding their time for Nvidia results looked to retail earnings and Fedspeak for clues to the economy.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market today: Nasdaq slips after record as investors await Nvidia earningsInvestors biding their time for Nvidia results looked to retail earnings and Fedspeak for clues to the economy.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market today: Dow leads stock market slide as rising Treasury yields rattle nervesA spike in Treasury yields has unsettled investors already weighing whether recent data will shift the needle on interest rates.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market today: Stock futures edge higher after biggest wipeout for Dow in a yearRenewed concerns over the path of interest rates had prompted the Dow's worst day since March 2023.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market today: US futures slip away from records as focus turns to FedInvestors braced for a Federal Reserve meeting that should signpost the path of interest rates, with a key inflation print also waiting in the wings.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market today: US futures slip away from records with Fed decision in focusInvestors braced for a Federal Reserve meeting that should signpost the path of interest rates, with a key inflation print also waiting in the wings.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »