IN THE RED: Wall Street will brace for another potential volatile day on Tuesday after U.S. stocks closed sharply lower Monday, deepening annual losses, ahead of the final Federal Reserve policy meeting of the year and amid continued worries about the impact a trade war with China may have on the U.S. economy ... At the lows of the afternoon the Dow Jones Industrial Average had fallen more than 600 points.
Amid the volatility, the Dow, the S&P 500 and the Nasdaq Composite are all sitting in negative territory for the 2018 year, the first down year since 2015. The Russell 2000, a basket of smaller U.S. based companies, closed in bear market territory. The Nasdaq Composite erased its 2018 gains in Monday's sell-off, leaving only the Nasdaq 100 among the closely followed stock averages that remain positive for 2018.
Also on Tuesday, the Federal Reserve will begin its final policy meeting of 2018 - a two-day meeting expected to conclude on Wednesday. The Fed is expected to raise its short-term interest rate by a modest quarter-point, to a range of 2.25 percent to 2.5 percent. - FOX Business