From Yahoo Finance:

Stocks fell as traders reacted to the upcoming Federal Reserve decision on rate cuts. Technology shares, such as Nvidia Corp., faced pressure as the Fed may adopt a more hawkish tone. Treasury yields spiked due to persistent inflation data, causing investors to rethink US monetary easing timeline. The S&P 500 dropped to around 5,130, while the Nasdaq 100 underperformed. Super Micro Computer Inc. sank over 10% after announcing plans to offer 2 million shares of common stock. Investors await the Fed’s dot plot projections and attention will also focus on discussions about the Fed’s balance sheet strategy.

Cryptocurrency-linked stocks slipped as Bitcoin retreated and MicroStrategy Inc. increased its Bitcoin holdings. Beyond Meat Inc. filed a $250 million mixed securities shelf registration. Airbus SE abandoned talks to acquire Atos SE’s big data business. AstraZeneca Plc agreed to acquire Fusion Pharmaceuticals Inc. for up to $2.4 billion. Major events this week include the Fed rate decision, Reddit’s IPO, ECB President Christine Lagarde’s speech, and Nike and FedEx earnings reports. Stocks, bonds, currencies, and commodities experienced various fluctuations in the market.



Read more at Yahoo Finance: Stocks Fall as Wall Street Trims Risk Before Fed: Markets Wrap