The stock market closed with a sharp decline in indices

The stock market ended Monday’s trading session with a significant decline in quotations on the eve of the Federal Reserve meeting.

The Dow Jones Industrial Index (DJIA) fell by 1.78%, to 3,397.47 points, the NASDAQ index of high-tech companies – by 2.19%, to 14,713. 9, the S&P 500 broad market index by 1.7%, to 4,357. 73.

Investors are waiting for the US Federal Reserve meeting results, which will be on Wednesday, September 22. The regulator will publish a decision on the rate, asset repurchase and provide macroeconomic forecasts for the country. In addition, traders expect to receive signals regarding the further policy of the regulator.

Earlier, Fed Chairman Jerome Powell said that the regulator is not in a hurry to curtail support measures but will probably think about reducing the volume of asset repurchases this year, but most likely not at the next meeting, which is for September.

Pressure on the indices by pessimistic sentiment on world markets, caused by news about one of the largest developers in China, Evergrande, which is on the verge of default.

According to the media, the developer’s debt load is the largest among the world’s public companies, and its default may pressure several sectors and the Chinese economy.