"Global Luxury Stocks Plummet Ahead of Fed Decision: Market Updates"

Wall Street traders are cautious ahead of the Federal Reserve decision, with uncertainty surrounding Jerome Powell's stance on rate cuts. The S&P 500 hovers near all-time highs, while bonds remain stable. Investors are focused on the Fed's interest rate forecasts and potential discussions on quantitative tightening. Corporate highlights include JPMorgan Chase lifting its dividend, Apple CEO Tim Cook's visit to China, and Kering SA's warning of a sales decline at Gucci. Key events this week include Eurozone PMI data, Bank of England rate decision, and US economic indicators. Stock and currency markets show little change, while cryptocurrencies and commodities experience mixed movements.