Wall Street followed up yesterday's muted session with losses, as the Federal Reserve kicked off its two-day policy meeting. While traders expect interest rates to remain unchanged, investors will have a deluge of economic forecasts and commentary to dig into tomorrow. In response, the Dow, S&P 500, and Nasdaq all settled firmly in the red.
Oil Snaps Winning Streak
Despite hitting a 2023 peak of $93.75, oil futures finished lower for the first time in four days. Crude for October delivery lost 28 cents, or 0.3%, to settle at $91.20 per barrel.
Meanwhile, gold prices climbed for a fourth-straight session. Today, traders awaited the central bank's decision on interest rates, which helped December-dated gold gain 30 cents -- less than 0.1% -- to close at $1,953.70 an ounce.
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