S&P 500 ends down as investors await Fed rate decision

The Dow fell 179.03 points, or 0.38%, to 47,560.29, the S&P 500 lost 6.00 points, or 0.09%, to 6,840.51 and the Nasdaq gained 30.58 points, or 0.13%, to 23,576.49.

NEW YORK: The S&P 500 ended Tuesday's session slightly lower as investors anticipated that the Federal Reserve would take a hawkish tone even if it cuts interest rates this week, while JPMorgan was the heaviest drag on the benchmark index after the biggest US bank warned of hefty expenses for 2026.

The Fed kicked off its two-day policy meeting on Tuesday with traders widely expecting a quarter-percentage point rate cut despite inflation still running above the central bank's 2% target.