US stocks close Tuesday mixed as investors await Fed signal
Dow gains 0.5%, but S&P falls, Nasdaq dives 1.28%
ISTANBUL
Major stock exchanges in the US finished Tuesday on a mixed note as investors await any rate cut signal that could come from the Federal Reserve at the end of its two-day meeting that will conclude Wednesday.
The Dow increased 203 points, or 0.5%, to end the day at 40,743.
The S&P 500, on the other hand, lost 27 points, or 0.5%, to 5,436. The Nasdaq dove 222 points, or 1.28%, to close the session at 17,147.
The Fed is widely expected to hold interest rates unchanged on Wednesday, but the central bank could signal a rate cut for September.
The VIX volatility index, also known as the "fear index," jumped 6.6% to 17.69. The 10-year US Treasury yield declined 0.9% to 4.140%.
The dollar index decreased 0.04% to 104.52, while the euro lost 0.06% to $1.0812 against the greenback.
Precious metals were on the rise, with gold adding 1.1% to $2,410 per ounce and silver increasing 1.9% to $28.37.
Oil prices were down around 0.6%, with global benchmark Brent crude priced at $78.58 per barrel and US benchmark West Texas Intermediate at $75.34.
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