Stocks Ended Lower ahead of Fed Decision
- Tuesday, August 20, 2019, 16:47
- Stock Market
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U.S. stocks ended lower on Tuesday as investors awaited monetary policy signals from the Federal Reserve later this week. The Dow Jones Industrial Average declined 173.35 points, or 0.66%, to 25,962.44. The S&P 500 lost 23.14 points, or 0.79%, to 2,900.51. the Nasdaq Composite gave up 54.25 points, or 0.68%, to 7,948.56.
Oil prices ended lower on Tuesday. West Texas Intermediate crude for September delivery tacked on 13 cents, or 0.2%, to finish at $56.34 a barrel. The October contract for global benchmark Brent crude edged 29 cents, or 0.5%, higher at $60.03 a barrel.
The 10-year Treasury note’s yield lost 4.6 basis points Tuesday to 1.557%, while the 2-year Treasury note yielded 1.515%, down 2.7 basis points.
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