WASHINGTON:US markets ended near flat in a choppy trade on Tuesday as expectations about Federal Reserve policy meet outcome kept a lid on the market.
So, the Dow Jones Industrial Average fell 51 points, or 0.2%, to 33,920. The S&P 500 lost 4 points, or 0.1%, to 4,354. And the Nasdaq Composite added 33 points, or 0.2%, to 14,746.
Shares of Walt Disney fell 4.2% and were the biggest factor behind the decline in the S&P 500 and Dow after the company’s CEO Bob Chapek said the resurgence of Delta variant has impacted the production of some of its films.
Concerns over China Evergrande Group have put investors on edge and added to recent worries over economic growth from the Delta variant. Investors are also waiting for the outcome of this week’s Fed meeting for further direction.