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US stock market today reverse gains: Dow, S&P 500 and Nasdaq pull back from record highs as retail sales surge and Fed rate decision looms
The Economic Times·2025-09-16 23:31

The S&P 500 and Nasdaq Composite edged down less than 0.1%, while the Dow Jones Industrial Average dropped nearly 0.3%, reflecting cautious market sentiment ahead of the Fed’s highly anticipated interest rate decision scheduled for Wednesday .The Fed’s meeting was underscored by unusual political drama when an appeals court blocked President Trump from removing Fed governor Lisa Cook, allowing her to participate in the two-day event. New Fed governor Stephen Miran was also sworn in just in time to join the ...