On Tuesday, September 19, the U.S. stock markets closed lower, driven by risk-off sentiment, as the U.S. Federal Reserve began its highly anticipated two-day monetary policy meeting.
The U.S., housing starts dropped 11.3% in August to an annualized rate of 1.283 million, the lowest since June 2020, while building permits increased 6.9% to an annual rate of 1.543 million, the highest in 10 months.
The Dow Jones Industrial Average finished the day 0.31% lower, ending at 34,517.73. The S&P 500 recorded a 0.22% decline, closing at 4,443.95. The Nasdaq Composite fell 0.23% and ended the session at 13,678.19.
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