Stocks slipped as Wall Street waits for the Federal Reserve’s latest decision on interest rates.
The S&P 500 fell 0.2 percent Tuesday. The Dow fell 106 points, and the Nasdaq composite was down 0.2 percent. Stocks have been see-sawing for weeks on uncertainty about whether the Fed is done with its market-shaking hikes to interest rates. Its latest announcement arrives Wednesday.
Treasury yields climbed, and the 10-year yield is close to its highest level since 2007. High yields have pushed mortgage rates higher, and a report in the morning showed much weaker homebuilding activity than expected.
On Tuesday:
The S&P 500 fell 9.58 points, or 0.2 percent, to 4,443.95.
The Dow Jones Industrial Average fell 106.57 points, or 0.3 percent, to 34,517.73.
The Nasdaq composite fell 32.05 points, or 0.2 percent, to 13,678.19.
The Russell 2000 index of smaller companies fell 7.77 points, or 0.4 percent to 1,826.53.
For the year:
The S&P 500 is down 6.37 points, or 0.1 percent.
The Dow is down 100.51 points, or 0.3 percent.
The Nasdaq is down 30.15 points, or 0.2 percent.
The Russell 2000 is down 20.51 points, or 1.1 percent.
For the year:
The S&P 500 is up 604.45 points, or 15.7 percent.
The Dow is up 1,370.48 points, or 4.1 percent.
The Nasdaq is up 3,211.70 points, or 30.7 percent.
The Russell 2000 is up 65.28 points, or 3.7 percent.
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