Wall Street Awaits Fed's Interest Rate Decision Amid Mixed Market Trends

US stocks remained stable as investors await the Federal Reserve's decision on interest rates. The S&P 500 slightly declined, while the Nasdaq rose. Key market impacts included JPMorgan Chase's and Toll Brothers' financial outlooks, alongside international market fluctuations in Europe and Asia.

US stocks largely held their ground on Tuesday as Wall Street anticipates the Federal Reserve's forthcoming announcement on interest rates. The S&P 500 edged down slightly by 0.1%, while the Dow Jones Industrial Average saw a dip of 179 points, or 0.4%, and the Nasdaq composite made a modest gain of 0.1%.

In corporate news, JPMorgan Chase's stock fell by 4.7% after Marianne Lake, a top executive, indicated a rise in expenses to $105 billion next year, though maintaining optimism about their borrowers' financial health. Similarly, Toll Brothers saw a 2.4% drop following weaker-than-expected quarterly results, exacerbated by persistent affordability issues in the housing market.

Globally, mixed signals persisted with indexes in Europe and Asia showing varied movements, including significant declines in Hong Kong and Paris. Investors closely monitored the Fed's expected rate cut, with broader implications for the economy and inflation, as Treasury yields saw slight increases ahead of the announcement.

(With inputs from agencies.)