Stocks finish lower as investors brace for key Fed decision

(Image by Oleg Gamulinskiy from Pixabay)

(Image by Oleg Gamulinskiy from Pixabay)

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(CNBC) -- Stocks dipped on Tuesday as traders assessed better-than-expected economic data and prepared for another likely rate hike from the Federal Reserve.

The Dow Jones Industrial Average fell 79.75 points, or 0.24%, to 32,653.20, while the S&P 500 slid 0.41% to 3,856.10. The Nasdaq Composite shed 0.89% to 10,890.85.

All the major averages opened higher but turned negative after job openings in September showed a resilient labor market. The news heightened fears that the central bank may keep its aggressive stance as it fights to tame high inflation.

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