Stocks Fall Ahead of FOMC Meeting Results on Wednesday

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What you need to know… The S&P 500 Index ($SPX) (SPY) on Tuesday closed down -0.22%, the Dow Jones Industrials Index ($DOWI) (DIA) closed down -0.31%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed down -0.22%. Stocks fell on Tuesday’s weak U.S. housing starts report and the +6.0 bp rise in the 10-year T-note yield to a 15-year high. There was also downward pressure from the possibilities of an expanding UAW strike and a U.S. government shutdown on September 30, as well as the restart of student loan payments on October 1. Oil prices rallied to a 10-1/2 month high Tuesday, which was negative fo…

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