MoneyON WALL STREET

Dow closes 100 points lower as the Federal Reserve's rate decision approaches

'We know that we're closer to the end of the hiking cycle than the beginning'

By WND News Services
Published September 19, 2023 at 4:21pm

(Image by Oleg Gamulinskiy from Pixabay)

(CNBC) -- Stocks retreated on Tuesday as Wall Street awaited the results of this week’s Federal Reserve policy meeting.

The Dow Jones Industrial Average lost 106 points, or 0.3%. The S&P 500 and Nasdaq Composite each slipped 0.2%.

Disney slid more than 3% after announcing plans to nearly double its investment in its cruise and parks business. Deere, often seen as a barometer of future economic activity, fell more nearly 3% in the session after investment bank Evercore ISI downgraded the stock due to agricultural production concerns.

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