Dow ends 367 points lower, stock fall ahead of Fed rate decision

U.S. stocks closed lower on Tuesday, but were well off the session’s lows, a day before the Federal Reserve could be poised to fire off its last interest rate hike of this cycle. The Dow Jones Industrial Average DJIA shed about 367 points, or 1.1%, ending near 33,684, according to preliminary FactSet figures.

The S&P 500 index SPX shed 1.2%, while the Nasdaq Composite Index COMP closed 1.1% lower. Regional bank stocks were hammered on Tuesday, a day after JPMorgan Chase & Co. won an auction for the assets of the failed First Republic Bank. The SPDR S&P Regional Bank ETF KRE closed down 6.4% on Tuesday. U.S. crude oil...

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Wall St stocks end lower, dollar gains after data; Fed, earnings in the wingsWall Street indexes closed slightly lower and the dollar gained with Treasury yields as investors digested Monday's data and waited for the U.S. Federal Reserve's interest rate decision due on Wednesday as well as key upcoming economic data and quarterly earnings reports.
Source: Reuters - 🏆 2. / 97 Read more »