Wall Street markets were seen to be quiet ahead of the report to be released by the Federal Reserve (Fed) early Thursday morning with investors on average awaiting an update on interest rate projections, economic outlook, inflation and unemployment.
Investors expect the central bank to keep interest rates unchanged at 4.50% and the follow-up statement to be delivered by Fed Chairman Jerome Powell will have an impact on the market direction.
In contrast to Tuesday, major indices were seen to experience a decline with the Nasdaq losing 1.71%, the S&P500 falling 1.07% while the Dow lost 0.62%.
Shares of large companies were also seen to be in a state of loss when Nvidia recorded a loss of 3.4%, Broadcom shares lost 3%, Palantir fell 4% while Netflix lost 2.1%.
The low price target expectation for Tesla by RBC Capital Market caused Tesla to lose 5.3% of its shares.
