Dow Jones, S&P 500, Nasdaq: Wall Street Opens in the Minus – No Trend in Fed Decision
After the holiday on Monday, the major stock market indices start the new trading week with losses. There is little movement in the bond market in early trading.
US stocks started the new trading week cautiously, with major indexes falling in early Tuesday trading. The Dow Jones lost 0.8% to around 53,000 points, while the S&P 500 and Nasdaq Composite both declined by 0.4% to 7,690 and 26,400 points respectively. The markets are quiet due to a previous holiday and a lack of significant events, but are expected to be influenced by monetary policy in the coming days.
The US Labor Department will release its initial estimate of August inflation on Friday, and the Federal Reserve will make its interest rate decision next week. Currently, around 60% of investors expect the Fed to raise interest rates to 3.75-4.0%.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
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