NEW YORK: Wall Street's three main stock indices ended lower in choppy trading on Tuesday as caution set in ahead of an anticipated interest rate cut from the Federal Reserve.
Investors are largely still pricing in a 25 basis-point cut from the US central bank at the conclusion of its two-day meeting on Wednesday, to offset the deterioration in the US labour market, evidenced by numerous recent economic indicators. Data on Tuesday showed that US retail sales increased more than expected in August, but that did little to change rate cut expectations.
