US stocks were mixed on Tuesday ahead of the Federal Reserve’s interest rate decision due on Wednesday.
At 9:52 a.m. ET, the Dow Jones Industrial Average was up 42.20 points, or 0.11 per cent, at 38,832.63, the S&P 500 was down 11.67 points, or 0.23 per cent, at 5,137.75, and the Nasdaq Composite was down 114.69 points, or 0.71 per cent, at 15,988.76.
At the opening bell, the S&P 500 was lower by 10.33 points, or 0.20 per cent, at 5,139.09, while the Nasdaq Composite dropped 71.52 points, or 0.44 per cent, to 16,031.93. The Dow Jones Industrial Average rose 29.18 points, or 0.08 per cent, to 38,819.61.
Shares of Nvidia dropped 3.0 per cent, Super Micro Computer sank 10.6 per cent, Tesla lost 3.2 per cent and Meta Platforms dipped 2.3 per cent.
Unilever stock gained 2.9 per cent after it announced that it was spinning off Ben & Jerry’s and its ice cream business.
The yield on the 10-year Treasury slipped to 4.30 per cent from 4.33 per cent…
