On Wednesday, US stocks were mixed as investors waited for the Federal Reserve's decision on interest rates. The Federal Reserve, the central bank of the US, is expected to lower interest rates for the third time in a row. However, investors are preparing for a hawkish cut, which could affect the market.
At 10:45 A.M. Eastern Time, the S&P 500 dropped by 0.1%, while the Dow Jones Industrial Average rose by 0.2%. The Nasdaq Composite fell by 0.4%.
The Dow Jones Industrial Average started the day with a slight increase, rising 13.7 points to 47,573.96. The S&P 500 fell by 7.0 points to 6,833.49, and the Nasdaq Composite dropped by 40.5 points to 23,536.001.
In the bond market, the yield on the 10-year Treasury decreased to 4.17% from 4.18% the previous day. The 2-year yield fell to 3.60% from 3.61%.
Gold prices fell on Wednesday as investors booked profits before the Federal Reserve's interest rate decision. At 9:48 A.M. ET, spot gold was down by 0.3% at $4,198.28 per ounce. US gold futures for February delivery dropped by 0.2% to $4,227.40 per ounce.
Other metals also experienced a decline, with spot silver falling by 0.2% to $60.56/oz, platinum losing 2.8% to $1,642.30, and palladium dropping by 2.7% to $1,466.21.
Stay tuned for further updates on the US stock market and the Federal Reserve's decision on interest rates.
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