Market Highlights

With less than 24 hours to go until the Federal Reserve’s finalinterest-rate decision of 2025, Wall Street traders put off placing big bets as they waited for clues to the central bank’s path for next year. The S&P 500 ended Tuesday’s session little changed after JPMorgan Chase & Co. warned about higher-than- expected costs and called consumers “fragile.” The lender fell more than 4%. The blue-chip Dow slid while the Nasdaq 100 made a small advance. The rate on 10-year Treasuries hovered at around 4.19% following a government bond auction, while the dollar was little changed and Bitcoin climbed. Stocks are marking a second straight day of restrained moves as traders await the Fed’s outlook for interest rates in 2026 after an expected cut at Wednesday’s policy announcement.