Nasdaq rises, Dow Jones drops 180 points

Most US stock indices fell on Tuesday as investors focused on the Federal Reserve’s two-day policy meeting ending Wednesday, amid expectations of a third interest rate cut in 2025.

The Dow Jones Industrial Average lost 0.38%, or 179 points, to 47,560, pressured by a 4.66% drop in JPMorgan shares to $300.51. 

The broader S&P 500 inched down 0.10%, or 6 points, to 6,870, while the Nasdaq Composite rose 0.13%, or 30 points, to 23,576.

The Stoxx Europe 600 edged down 0.10% to 577.77, amid mixed performance across major markets.

The UK’s FTSE 100 remained stable at 9,642, and France’s CAC 40 dipped 0.69% to 8,052, while Germany’s DAX rose 0.49% to 24,162.

In Japan, the Nikkei 225 gained 0.15% to 50,655, while the broader Topix remained unchanged at 3,384.

Brent crude futures for February delivery fell 0.88%, or 55 cents, to $61.94 a barrel.

WTI crude for January delivery shed 1%, or 63 cents, to $58.25 a barrel.

Gold futures for February delivery retreated 0.60%, or $25.3, to $4,217.7 per ounce.

Official data released today showed that US job openings held steady at 7.7 million in October, defying expectations of a decline to 7.15 million, signaling continued resilience in the labor market.