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Stock Market Today: Nasdaq sets record closing high while Dow falls for eighth straight day, for first time in history

The article from MarketWatch discusses the current state of the U.S. stock market as investors brace for the Federal Reserve's upcoming interest rate decision. The Dow Jones Industrial Average futures are slightly down, reflecting investor caution ahead of the Fed's announcement. Key points include expectations around whether the Fed will pause or continue its rate hikes, with market participants particularly focused on any signals regarding future monetary policy. The article also touches on recent economic data, including inflation rates, employment figures, and consumer sentiment, which could influence the Fed's decision. Additionally, there's mention of sector-specific news, with tech stocks showing resilience while other sectors like banking face scrutiny due to recent bank failures. The overall market sentiment is described as mixed, with a cautious optimism that the Fed might signal a dovish turn, although fears of a recession loom if the economy shows signs of weakening under the weight of higher rates.

Read the Full MarketWatch Article at:
[ https://www.marketwatch.com/livecoverage/stock-market-today-dow-futures-dip-as-fed-decision-countdown-begins ]