Dow Jones, S&P 500, Nasdaq: Wait-and-see approach before interest rate decision - US stock markets open unchanged
On Tuesday, investors are cautious. The tech stocks are not following up on the losses from the previous day. Meanwhile, the yields on government bonds only know one direction: up.
US stocks are mostly lower on the day before the Federal Reserve's interest rate decision. The Dow Jones index is down 0.9% at 51,972 points, while the S&P 500 is 0.4% lower at 7,592 points, and the Nasdaq Composite is down 0.5% at 26,065 points. The inflation rate remained at 3.4% in August, and the core inflation rate was 2.4%, according to the US statistics office. Market observers expect the Federal Reserve to raise interest rates, with over 90% predicting a hike after the inflation data was released.
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.
