Dow Jones Falls As Fed Meeting Looms; DoorDash Jumps On Upgrade; Nvidia, Tesla Slide

The Dow Jones Industrial Average dropped Monday, as investors brace for this week’s Federal Reserve meeting. Meanwhile, DoorDash (DASH) jumped after Mizuho Securities upgraded the stock.

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The Fed’s meeting wraps up Wednesday with a policy statement and new quarterly projections. Chances are that the Fed will not raise its interest rate target after 11 straight increases since early 2022. Wall Street places a 99% chance of holding interest rates steady, per the CME FedWatch Tool.

But…