US Stocks Fall Again
US stocks fell on Tuesday (3/18), with the S&P 500 down 0.4%, the Dow Jones down about 130 points and the Nasdaq down 0.8%, after posting gains in the past two sessions. Investors remain cautious about the outlook for economic growth and the potential impact of Trump's policies on the US economy. Meanwhile, the Fed's two-day FOMC meeting begins today, with traders eagerly awaiting the latest economic projections and the Fed's policy outlook, due tomorrow.
Markets are currently pricing in two interest rate cuts this year, with a third cut increasingly likely. On the data front, housing starts, building permits and industrial production beat expectations, while import and export prices rose rather than fell as expected. On the corporate front, Alphabet shares fell 0.7%, on news that Google will acquire cloud security firm Wiz for $32 billion. Nvidia fell 2.4%, with its CEO set to deliver a keynote address at the company's GAI conference.
Source: Trading Economics