US Stocks Dip Ahead of Key Fed Meeting
Economy / Finance

US Stocks Dip Ahead of Key Fed Meeting

US equity markets experienced a modest decline on Tuesday, concluding a session marked by cautious investor sentiment. The Dow Jones Industrial Average registered a drop of 0.3%, closing at 45,757 points. Shortly before the market’s close in New York, the broader S&P 500 was down 0.1% at approximately 6,605 points, while the Nasdaq 100 stood at around 24,275 points, also 0.1% lower.

The observed market activity appears to reflect a degree of apprehension ahead of a pivotal Federal Reserve meeting. Market participants are closely monitoring the meeting’s outcome and, crucially, any indications about future monetary policy direction beyond the widely anticipated interest rate reduction.

The euro strengthened against the US dollar, trading at $1.1860, which corresponds to a dollar exchange rate of €0.8432.

Gold prices saw a positive trajectory, reaching $3,691 per fine ounce (+0.3%), equivalent to €100.04 per gram.

Meanwhile, oil prices recorded a significant increase. Brent crude, a benchmark, was priced at $68.53 per barrel, representing a 1.6% gain compared to the previous day’s closing value.