Wall Street Subdued As Chipmakers, Growth Stocks Drag; Fed Rate Meet In Focus

<p>Wall Street main indexes were subdued in choppy trading on Monday as some megacap and chip stocks declined in the run-up to the Federal Reserve’s interest rate decision later this week. Treasury yields edged higher on uncertainty around the U.S. interest-rate trajectory through the year-end, pressuring some major growth names including Nvidia (NVDA.O) and Tesla (TSLA.O), down 3.1% and 3.8%, respectively. Apple (AAPL.O) bucked the broader trend to rise 1.1%. UK-based chip designer Arm Holdings , which had a stellar debut on Thursday, dropped 6.1% after Bernstein started covering the stock with an “underperform” rating. A slump in chipmakers on concerns over weak demand and a slide […]</p>
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