"Wall Street Anticipates Fed Meeting as Yields Ease, Expecting Higher Open"

Wall Street's main indexes were indecisive as investors awaited the outcome of the Federal Reserve's monetary policy meeting and assessed the latest earnings reports. Megacap growth stocks, including Meta Platforms, Microsoft, and Alphabet, dragged down the market. Nvidia dropped after reports suggested that U.S. curbs could lead to the cancellation of billions of dollars of orders to China. The Fed is expected to hold interest rates steady, and its commentary and the upcoming monthly payrolls report will be crucial in assessing the future of monetary policy. Concerns about a hard landing and higher labor costs added to market uncertainty.