Market

US Markets Dip Ahead of Fed Policy Decision and Builder Confidence Decline

On Tuesday, the major stock market indexes in the United States closed lower as investors anxiously awaited the Federal Reserve's latest monetary policy decision. The focus also turned to the recent drop in builder confidence and its potential impact on the Fed's decision.

In addition to these concerns, the technology sector faced losses due to ongoing worries about President-elect Donald Trump's proposed tariffs on certain foreign goods. These tariffs could potentially disrupt global trade and further affect market stability.

The Dow Jones Industrial Average saw a decline of 0.61% or 266 points. Meanwhile, the Nasdaq 100 decreased by 0.43% and the S&P 500 dropped by 0.39%.

In currency trading, the euro lost 0.18% against the dollar, selling for $1.04899 at 3:58 pm ET.

Stay tuned for further updates and analysis on these market developments.