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The Economic Times
The Economic Times
Business

Why US markets, Dow Jones are down today: Nasdaq, S&P 500 trade lower as AI stocks steady; focus on Fed rate decision

US stocks came under pressure on Tuesday as rising oil prices and a sharp climb in Treasury yields added to concerns over inflation and borrowing costs ahead of the Federal Reserve's interest-rate decision. The S&P 500 fell 0.4%, while the Dow Jones Industrial Average dropped 506 points, or 1%, and the Nasdaq composite declined 0.6% as of 10:30 a.m. ET, according to the AP.

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