Fed Meeting: Market Awaits Rate Cut, Easing in 2023

US stocks had a mixed day on Tuesday, with the Dow Jones Industrial Average up slightly and the S&P 500 index flat. However, the tech-heavy Nasdaq Composite lost ground, following a drop on Monday. The focus was on the Federal Reserves December policy meeting, with investors expecting a rate cut and looking for clues about more easing next year. Nvidia shares fluctuated after President Trump approved resuming some shipments of its AI chips to China. Benchmark ten-year Treasury yields pulled back, and the job market data for October will be crucial for understanding the current economic landscape.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.