The New York Stock Exchange has traders on it.
Photo by Spencer Platt.
As the Federal Reserve begins its last policy meeting in 2021, with hot inflation and the spread of a new coronaviruses variant at hand, US stocks fell Tuesday.
The S&P 500 was headed for a second straight fall, pulling further away from the record high it set at the end of last week, as the tech-laden index paced declines among Wall Street's big stock indexes.
The US indexes stood at 9:30 a.m. on Tuesday.
The wholesale inflation report will be available at the beginning of the policy meeting. The report showed a rise in the rate in November. China reported its first case of the variant of the omicron virus, and that worried people. Hong Kong said over the weekend that travelers returning from the US will have to be in a state-run facility for a week.
The doge coin soared after Musk said that people will be able to purchase items with the meme coin.
The price of oil dropped. The price of West Texas Intermediate crude fell to $70.05 per barrel. The international benchmark of crude oil lost 1.4%.
The price of gold dropped by 1% to $1,769.60 per ounce. The yield went up 3 basis points.
The price of the digital currency rose by 3.0% to $47,026.
Business Insider has an original article.
