Wall Street waits for interest rate announcement

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Wall Street waits for interest rate announcement
Photo: Mark Lennihan/AP/TT

Trading was cautious and index movements were small on the US stock market ahead of Wednesday's interest rate announcement from the Federal Reserve.

At close on Tuesday, the broad S&P 500 index had fallen 0.1 percent and the Dow Jones industrial average had fallen 0.4 percent, while the tech-heavy Nasdaq composite index had risen 0.1 percent.

Among the winners was Exxon Mobil. The stock rose 2.0 percent after the oil giant raised its profit forecast for the next five years in its quarterly report, partly thanks to successful extraction in an oil field off the coast of Guyana.

Wall Street's most influential stock, chip giant Nvidia, fell 0.3 percent after President Donald Trump announced that the company would be allowed to export its H200 chip to China. However, it is not Nvidia's most advanced product.

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By TTEnglish edition by Sweden Herald, adapted for our readers

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