According to preliminary data, the S&P 500 lost 6.19 points, or 0.09%, to end at 6,840.32 points, while the Nasdaq Composite gained 30.58 points, or 0.13%, to 23,577.24. The Dow Jones Industrial Average fell 174.82 points, or 0.37%, to 47,564.50.
00:00The S&P 500 ended Tuesday, December 9, session slightly lower as investors anticipated that the Federal Reserve would take a hawkish tune even if it cuts interest rates this week, while JP Morgan curb gains after the biggest US bank won of hefty expenses for 2026.
00:18The Fed kicked off its two-day policy meeting on Tuesday with traders widely expecting a quarter percentage point rate cut despite inflation still running above the central bank's 2% target.
00:30Policymakers have sent mixed signals about the outlook with some warning that price pressures could easily re-accelerate while others have been more concerned about the labour market's health.
00:40And Tuesday's Labor Department report did little to clear the air as job openings increased marginally in October, but hiring remained subdued.
00:49Separately, a National Federation of Independent Business and FIB report show companies intending to create new jobs in the near future.
00:58Traders are still pricing in a roughly 87% chance of a 25 basis point rate on Wednesday, according to CME's FedWatch 2.
01:07The US 10-year Treasury bill was last up on the day at 4.18% on track for its fourth straight day of gains.
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