How major US stock indexes fared Tuesday, 9/19/2023

Stocks slipped as Wall Street waits for the Federal Reserve’s latest decision on interest rates. The S&P 500 fell 0.2% Tuesday. The Dow fell 106 points, and the Nasdaq composite was down 0.2%. Stocks have been see-sawing for weeks on uncertainty about whether the Fed is done with its market-shaking hikes to interest rates. Its latest announcement arrives Wednesday. Treasury yields climbed, and the 10-year yield is close to its highest level since 2007. High yields have pushed mortgage rates higher, and a report in the morning showed much weaker homebuilding activity than expected.