U.S. stocks log lowest close of September as Fed meeting looms
U.S. stocks finished lower on Tuesday despite paring sharp declines from earlier in the day as the S&P 500 and Nasdaq Composite logged their lowest closing levels of September, based on preliminary end-of-day data from FactSet. The S&P 500 fell by 9.53 points, or 0.2%, to 4,443.99, according to preliminary closing data, while the Nasdaq Composite shed 32.05 points, or 0.2%, to 13,678.19. The Dow Jones Industrial Average fell by 106.57 points, or 0.3%, to 34,517.73. U.S. stocks sunk as rising Treasury yields and higher oil prices put pressure on equities ahead of Wednesday's interest-rate decision from the Federal Reserve. The central bank is widely expected to leave borrowing costs on hold, but could still rattle markets by leaving the door open for more interest-rate hikes at future meetings. Also on Tuesday,
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September 19, 2023 16:05 ET (20:05 GMT)
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