S&P 500 Ends Lower as China-led Global Growth Worries Persist; Fed Eyed
- The S&P 500 slipped Tuesday, as an intraday rebound faded amid slowing global growth worries and difficulties in China ahead of the Federal Reserve monetary policy decision due Wednesday.
- The S&P 500 fell 0.1%, the Dow Jones Industrial Average slipped 0.15% or 50 points, the Nasdaq added 0.2%.
- Cyclical sectors including energy and consumer discretionary recovered some losses from Monday’s rout, but gains were kept in check by concerns about a potential economic crisis in China, and the wider implications for global growth, as beleaguered real estate giant Evergrande, is unlikely to receive a government bailout.
(Source:Investing.com)