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Spotlight on Fed rate decision: Can we expect first rate cut in September?
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U.S. mega-tech companies drag ahead of their earnings releases; Nvidia ends 7% lower

S&P: 5,436.44 (-0.5%)
DJIA: 40,743.33 (+0.5%)
Nasdaq-100: 18,796.27 (-1.4%)
Eurostoxx: 4,841.00 (+0.5%)
US crude futures: 74.73 (-1.4%)

The S&P 500 and the Nasdaq-100 finished lower on Tuesday, mostly dragged by declines in mega-tech companies ahead of their earnings releases. Names like Nvidia lost over 7%, down almost 30% from its all time high, while Microsoft shed over 6% in after market trading after its results fell short.

The Nasdaq-100 fell by 1.4%, while the S&P 500 fell by half a percent. However, the Dow Jones gained over 200 points to close half a percent higher. All eyes on the Federal Reserve monetary policy decision on Wednesday.

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