Wall Street slides as yields remain in focus ahead of the FOMC rate decision - tradingview.com

Wall Street’s major market averages declined Tuesday as Treasury yields remained the focal point and investors awaited the Federal Reserve’s interest rate decision later this week. The blue-chip Dow DJI was last -0.6%, the benchmark S&P 500 ( SP500 ) was last -0.1%, and the tech-focused Nasdaq Composite COMP was last -0.2%, From a sector-by-sector vantage point, nine of the 11 segments were in the red and were led lower by consumer staples. At the other end of the spectrum, energy was the strongest performer. The bond-market selloff adds pressure ahead of the Federal Reserve's interest-rate decision Wednesday, with investors expecting officials to raise short-term borrowing costs for the first time since July 2023. The U.S.