Wall Street closes mixed as investors brace for Fed commentary

US markets closed mixed ahead of the Fed decision as bank stocks weakened and investors remained cautious about the outlook for interest rates.

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5 days ago

Wall Street closes mixed as investors brace for Fed commentary

Wall Street closes mixed as investors brace for Fed commentary
Overnight trading in US equities remained subdued as the S&P 500 slipped 0.09 percent, while the Dow Jones Industrial Average fell 0.38 percent. The Nasdaq managed to edge up 0.13 percent as technology stocks showed marginal strength. Sentiment was cautious ahead of the Federal Reserve’s policy guidance, with investors wary of a hawkish tone despite expectations of a possible rate cut.