Stocks Fall as Fed Meeting Looms

Worries about a larger rate hike pushed the indexes down. Also in focus: reports on June consumer confidence and May existing home sales

Stocks finished sharply lower Tuesday, giving back the previous session's gains as investors grew skittish ahead of the Thursday's Federal Reserve decision on interest rates. The perceived risk of a larger-than-expected hike fanned concerns, and declines in Treasury yields from multi-year highs failed to aid equities, says Standard & Poor's Equity Research.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.