Economic news

Review: U.S. stocks drop ahead Fed's meeting

U.S. stocks edges down in early trade on Tuesday as investors wait for a meeting where the Federal Reserve may increase interest rates for the first time in 2017.

The Dow Jones Industrial Average dipped 0.13 percent to 20,854.84, the S&P 500 declined 0.27 percent to 2,366.96. The Nasdaq Composite fell by 0.35 percent to 5,855.41.

The traders estimating in a 90 percent probability of a quarter point interest rate hike as inflation raises and the employment market demonstrate firm strength.

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