Dow, S&P 500 end lower for 5th day as investors brace for Wednesday Fed decision


Stocks finished mostly lower on Tuesday, with both the Dow and S&P 500 booking a fifth straight day of declines, a day before the Federal Reserve is expected to raise rates by 75 basis points. The Dow Jones Industrial Average DJIA, -0.50% shed about 150 points on Tuesday, or 0.5%, ending near 30,365. The S&P 500 index SPX, -0.38%, which entered a bear market on Monday, fell another 0.4% Tuesday. The Nasdaq Composite Index COMP, +0.18% closed 0.2% higher. Stocks have come under sharp pressure recently as the Fed looks to get tougher on inflation pegged at a 40-year high.

This article was originally published by Read the original article here.

Previous articleZendesk stock rises on report of talks with activist investor Jana
Next articleDow Jones Newswires: Raytheon gets $4.4 billion modification to U.S. Navy contract


Please enter your comment!
Please enter your name here