FX.co ★ US Stocks Mixed as Markets Await Fed Decision

On Tuesday, U.S. stock markets presented a mixed picture as investors awaited the Federal Reserve's decision on interest rates later in the week. The S&P 500 remained largely unchanged, the Nasdaq declined by 0.3%, and the Dow Jones saw a modest increase of 0.3%. Market participants widely anticipate a 25-basis-point cut in interest rates and are keenly observing the Fed’s updated economic forecasts, with uncertainties lingering around the trajectory of policy easing beyond 2026. Looking ahead to the next year, markets are currently pricing in two potential rate cuts. Shares of Nvidia dropped by 1% amid reports of potential restrictions from Beijing on domestic chip purchases, subsequent to President Trump's approval for H200 processor shipments to China with the stipulation that 25% of sales revenue must be allocated to the U.S. government. Home Depot shares fell by more than 1% following their release of weaker-than-expected earnings growth projections for 2026. Additionally, investors kept a close watch on the ongoing bidding war between Paramount and Netflix for assets from Warner Bros.