Stocks are down on Tuesday as investors wait for the minutes from the Federal Reserve meeting to be published later today.
The Fed will release the minutes from its latest meeting at 2:00 p.m. Eastern Time. Until then, traders are anxiously awaiting the latest updates from the agency.
The Fed is a hot topic among traders as they hope for positive news concerning the economy. Cooling inflation has many investors and experts believing that the group won’t announce further interest rate increases. It even has some hopeful that the Fed could start reducing interest rates in early 2024.
To go along with this, investors are reacting to major earnings reports coming out today. That includes those from retailers such as Lowe’s (NYSE:LOW), Best Buy (NYSE:BBY) and American Eagle (NYSE:AEO). Unfortunately, a tough economy weighed on these companies in their latest earnings updates.
Let’s check out how the major stock indices are faring today below!
Stocks Down Today: Major Indices Falling
- Starting us off is the S&P 500 with a 0.3% decrease as of Tuesday morning.
- Next we have the Dow Jones Industrial Average and its 0.23% drop today.
- Closing out our coverage is the NASDAQ Composite with a0 .59% fall this morning.
Investors that are looking for even more of the most recent stock market stories today are in the right place!
We have all of the hottest stock market coverage that traders need to know about on Tuesday! Among that is questions about market holidays, what’s happening with Origin Materials (NASDAQ:ORGN) layoffs and the news sending Nvidia (NASDAQ:NVDA) stock higher. All of that info is ready to go at the links below!
More Tuesday Stock Market News
- Is the Stock Market Closed on Black Friday 2023?
- Origin Materials Layoffs 2023: What to Know About the Latest ORGN Job Cuts
- Nvidia (NVDA) Stock Just Hit a New All-Time High
On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.