How major United States stock indexes fared Tuesday

Trading Floor at the New York Stock Exchange

-China trade talks, a major focus for markets, since the beginning of this month.

Despite this, financial exchange company CME, which owns the Dow Jones stock and financial indices, gives it almost an 80 percent chance that the Fed will raise interest rates a quarter point following its Wednesday meeting, to somewhere between 2.25 and 2.5 percent - their highest levels in a decade, since the 2008 financial crisis.

USA stocks closed higher as investors awaited the central bank's latest decision on interest rate hikes.

Stocks showed wild swings over the course of the trading session on Monday before ending the day substantially lower.

Bank stocks were fractionally lower on the day, with the KBW Bank Index down 0.25% as the spread between the 2- and 10-year yields held near 16 basis points.

The Dow Jones Industrial Average fell 507.53 points, or 2.11 percent, to 23,592.98, the S&P 500 lost 54.01 points, or 2.08 percent, to 2,545.94 and the Nasdaq Composite dropped 156.93 points, or 2.27 percent, to 6,753.73.

Wall Street stocks finished modestly higher on Tuesday but worries about slumping oil prices and a likely Federal Reserve interest rate hike limited the gains.

U.S. stock markets are opening sharply lower Tuesday as tensions over trade between the U.S. and China seem closer to a boil
Stocks Plunge Amid Fears Trade Row With China to Amplify

Traders were also on edge ahead of the Federal Reserve's highly anticipated monetary policy announcement scheduled for Wednesday. The key measure of the sentiment retreated four points in December to 56, according to the National Association of Home Builders/Wells Fargo Housing Market Index.

"I'm pretty sure this is a bear market", Gundlach said on CNBC's "Halftime Report". Economists had expected the index to inch up to 61.

After several weeks of declines the benchmark index is trading near its lowest level of the year.

NY manufacturers reported on Monday that business activity is growing at a slower pace in recent months. Retail stocks declined overall, with the S&P 500 Retailing Index falling 3.4 percent.

Meanwhile, oil dropped below $50 a barrel, its lowest price since October 2017.

Trading was turbulent. Two days of widespread market declines had knocked 1,004 points off the Dow Jones Industrial Average, and on Tuesday, investors couldn't find a convincing reason for stock prices to go higher. (PCG) saw significant weakness on news the California Public Utilities Commission is considering penalties against the company for systemic violations of rules to prevent damage to natural gas pipelines during excavation activities. Analysts described the moves on Wall Street as a panic by retail investors.

The Russell 2000 is down 33.64 points, or 2.4 percent.

Related news:

Hot News

isis-killer-beheading-video-story-top 40 people injured in explosion in Japan
Dec 20, 2018 - 14:41
Eyewitnesses reported smelling gas in the area following the explosion, which Kyodo said happened at 8.30 p.m. (1130 GMT). Pictures shared across social media showed the wreckage from the blast, still engulfed in flames.

isis-killer-beheading-video-story-top China accused of 'tit-for-tat' over detention of Canadian woman
Dec 20, 2018 - 14:26
China's foreign ministry spokeswoman, Hua Chunying confirmed that she had no clue on the report. The department declined to provide further information due to provisions under the Privacy Act.

isis-killer-beheading-video-story-top Japan lays down $242-B defense plan
Dec 20, 2018 - 14:12
The guidelines say Japan needs to beef up its air defence capability in the Pacific, while expanding surveillance in the area. The five-year plan imposes a record expenditure of 27.47 trillion yen (244 billion euro) on Defense until March 2024.

isis-killer-beheading-video-story-top Director Penny Marshall Dies, Aged 75 | News
Dec 20, 2018 - 00:25
The news of Marshall's passing was confirmed by her publicist Michelle Bega , who had this to say in a statement. Marshall's family released a statement saying, "Our family is heartbroken over the passing of Penny Marshall ".

isis-killer-beheading-video-story-top North Korea marks 7th anniversary of Kim Jong Il’s death
Dec 18, 2018 - 16:31
The death of Kim Jong Il on December 17, 2011, thrust his son into power when he was still in his late 20s and a virtual unknown figure outside of the North.

isis-killer-beheading-video-story-top Manchester United sack José Mourinho and eye Mauricio Pochettino
Dec 18, 2018 - 14:33
Reset the club in terms of recruitment and decision making and make sure that what they do next is the right move. Neville went on to add that it could be a defining moment for the club.

isis-killer-beheading-video-story-top Cohen Only Became a 'Rat' After FBI Broke Into His Offices
Dec 18, 2018 - 13:17
Cohen admitted to making illegal payments during the 2016 campaign to several women who claimed to have an affair with Trump. In his statement ahead of his sentencing, Cohen, at times close to tears, apologized and said "blind loyalty" to Mr.

isis-killer-beheading-video-story-top James Comey blames Donald Trump's 'mean tweets' for hurting FBI's reputation
Dec 18, 2018 - 11:17
Comey first sat down with the lawmakers on December 8, where they decided he would return today for more questions. They're up here attacking the FBI's investigation of a guy that pleaded guilty to lying to the FBI...

isis-killer-beheading-video-story-top Galaxy S10 not coming to MWC 2019
Dec 15, 2018 - 18:00
The latest debut by Samsung , the Galaxy A8s is the new phone which features the much talked about Infinity-O display. We haven't had a new render of the Samsung Galaxy S10 for a couple of days so we were starting to get anxious .

isis-killer-beheading-video-story-top Sri Lanka Parliament passes vote of confidence on ousted PM
Dec 15, 2018 - 16:32
When Sirisena's decision was contested, he dissolved Parliament and called for a snap parliamentary election in January. He had however said that he will not appoint United National Front leader Ranil Wickremesinghe as the Prime Minister.

isis-killer-beheading-video-story-top Virgin Galactic has reached suborbital space for the first time
Dec 15, 2018 - 16:31
With two test pilots at the controls, the spacecraft quickly hurtled upward and out of sight from viewers on the ground. Mr Branson, was present at the take-off, along with hundreds of spectators in the California desert early this morning.

isis-killer-beheading-video-story-top De Bruyne and Aguero back to boost Man City
Dec 15, 2018 - 16:02
Last season one of the secrets was when we dropped points we were able to make another big run, winning games and winning games. Since Manchester City cannot play fellow English sides, they are likely to meet Atletico, Schalke and Roma in the last 16.

isis-killer-beheading-video-story-top The Lakers Are Reportedly Discussing A Major NBA Trade
Dec 15, 2018 - 14:54
That came undone when there was confusion over whether the Suns would receive Dillon Brooks or MarShon Brooks from the Grizzlies . LeBron only had himself to blame as the Los Angeles Lakers lost to the Houston Rockets last night, according to Skip Bayless.

isis-killer-beheading-video-story-top Court rules Obamacare is unconstitutional
Dec 15, 2018 - 10:54
The White House said late Friday that it expects the ruling to be appealed to the Supreme Court. Xavier Becerra, the California attorney general, vowed to appeal the decision in the U.S.

isis-killer-beheading-video-story-top Cosmonauts to examine mystery hole on ISS spacewalk
Dec 14, 2018 - 12:56
Rogozin added that Roscosmos would discuss the findings from the investigation with NASA and other space station partners. Roscosmos chief Dmitry Rogozin said in September that the hole could have been drilled during manufacturing or in space.