US stocks closed in the red Tuesday as investors digested a wave of corporate earnings and economic data, while bracing for the Federal Reserve’s interest rate decision due Wednesday. Markets are poised for a high-stakes week,

US stocks were mixed Monday and the S&P 500 eked out a record high for the sixth day in a row as investors digested the announcement of a trade deal between Washington and Brussels.

Tracking small-cap stocks, the Russell 2000 reversed course and skidded 0.4% lower. Volume was lower on the Nasdaq exchange while higher on the New York Stock Exchange compared with Monday. On the Nasdaq exchange, falling stocks edged out rising ones by nearly 2-to-1. In a turnaround on the NYSE, winners dug deep and edged out losers.

A flood of economic data is coming, Big Tech earnings on deck, U.S. officials talk trade with China, and more news to start your day.

GIFT Nifty was down 0.06 per cent at 7:20 AM, signalling a muted start for domestic stocks. The offbeat mood also follows the US President Donald Trump's statement that India may face a tariff rate of 20 to 25 per cent. He, however, cautioned that the final levy still was not finalised.

Trump’s tariffs and trade deals continue to affect global markets. Follow along for live updates on the Dow, S&P 500 and Nasdaq.

Trump posted about the stock market prolifically during his first term. “Highest stock market EVER,’’ Trump wrote in a post on Twitter, now X, in July 2017.

Gift Nifty was trading around 24,821 level, a discount of nearly 17 points from the Nifty futures’ previous close, indicating a muted start for the Indian stock market indices.

Wall Street prepared for major earnings and economic data ahead of a blockbuster week that could shake markets.