U.S. stocks were on course to fall on Tuesday, as investors focused on the Federal Reserve’s final meeting of 2024.
Futures tracking the Dow Jones Industrial Average fell 141 points, or 0.3%. The blue-chip index is riding its longest losing streak since 2018–it has fallen eight days in a row. Contracts tied to the Nasdaq 100 slid 0.3%, after the tech-heavy gauge hit a record high Monday, and S&P 500 futures were down 0.2%.
The Fed’s December meeting is set to kick off today and conclude tomorrow, with the central bank widely expected to cut interest rates by a quarter of a basis point. The market will likely focus on Chair Jerome Powell’s comments, which could signal where borrowing costs are headed next year.
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2024-12-17 08:42:50
