Dow, Nasdaq fall with Fed’s rate path in focus

News Snapshot:

US stocks were mixed on Tuesday to begin a holiday-shortened week of trading, with potential policy moves by the Federal Reserve and President Donald Trump in focus. The Dow Jones Industrial Average (^DJI) and tech-heavy Nasdaq Composite (^IXIC) dropped around 0.3% and 0.2% respectively, while the benchmark S&P 500 (^GSPC) was just below the flat line. Stocks on Wall Street are cautious after Monday's closure for Presidents Day as investors debate the future path of interest rates. Fed officials over the long weekend signaled a firm belief that rates should stay at current levels to combat rising inflation. Treasury yields...