Indices end lower as rate cut timing weighed


The Dow fell 396.61 points, or 1%, to 39,170.24. The S&P 500 lost 37.96 points, or 0.72%, at 5,205.81 and the Nasdaq dropped 156.38 points, or 0.95%, to 16,240.45.

NEW YORK: US stocks fell on Tuesday as investors weighed chances that the Federal Reserve could delay cutting interest rates, while Tesla shares dropped after the electric car maker posted fewer quarterly deliveries for the first time in nearly four years.

Tesla's stock dropped 4.9%, one of the biggest drags on the S&P 500 and Nasdaq.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Business

OMS Group celebrates keel-laying of first two vessels in Next Generation G-class fleet
Semico Capital to raise RM23.2mil via IPO en route to ACE Market listing on Jan 13
Bursa Malaysia higher at midday on ringgit's strength
EP Manufacturing unit inks assembly agreements with XPeng
Kenanga IB ups stake in Halogen Capital in latest funding round
Orkim shares climb with institutional investors taking substantial stake
Foreign buyers extend net buying in Asian markets
China's factory output, retail sales weaken in November
Oil rises on fears of supply disruption as US-Venezuela tensions escalate
Ringgit maintains upward trend, trade firmer against US$

Others Also Read