ISTANBUL

US stocks ended mixed on the second trading day of the week as investors braced for the Federal Reserve's interest rate decision.

The Dow Jones Industrial Average dropped 0.38%, or 179.03 points, to close Tuesday at 47,560.29 and the S&P 500 lost 0.09%, or 6 points, to 6,840.51.

On the other hand, the Nasdaq increased 0.13%, or 30.58 points, to 23,576.49.

Investors are focused on the Fed’s interest rate decision, which is set to be released Wednesday. According to the CME FedWatch, investors now see an over 87% chance of a 25-basis-point rate cut for the meeting. The policy rate currently stands at the target range of 3.75% to 4%.

US President Donald Trump responded "Yes" to a question about whether supporting immediate interest rate cuts was a criterion for the new Fed chair.

Trump also announced that Nvidia's "H200" chips would be allowed to be sold to approved customers in China and other countries under conditions that ensure strong national security.

He noted that the US government would receive a 25% share of this and that the same approach would be applied to AMD, Intel and other major American companies.

Nvidia shares, which rose after Trump's announcement, reversed their gains following reports that China would restrict or block domestic companies from purchasing these chips.

JPMorganChase shares also fell more than 4.6% after its consumer and community banking CEO Marianne Lake projected higher-than-expected expenses for next year.

Pan American Silver surged more than 11%, Santacruz Silver Mining rallied 8.9%, and Abrasilver Resource advanced 5.3% after silver prices increased more than 4.4%.

On the data side, US private payrolls added 4,750 jobs per week in the four weeks through Nov. 22, rebounding from previous losses, according to ADP data.

Job openings hit 7.7 million in October, above market expectations, according to the Labor Department's Job Openings and Labor Turnover Survey (JOLTS) figures.