Stocks Edge Up as Investors Await Fed Decision on Rates; Japan Ends Negative Interest Rate Policy
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Stocks rose Tuesday as investors awaited the Fed's policy decision. The S&P 500 rose 0.3%, the Dow gained 0.7%, and the Nasdaq was up 0.1%.
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Attention is on the Fed's meeting and whether there will be any clues about future rate cuts. The policy decision is due Wednesday.
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Japan's central bank ended its negative interest rate policy after 17 years, marking the end of an unconventional era for global central banks.
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A major realtor lawsuit settlement could mean homebuyers have to start paying buyers' agent commissions, adding costs for homebuyers.
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Nvidia shares slid 3% after its annual conference amid broader market declines ahead of the Fed statement. The company unveiled a new faster AI chip.