Stocks dip deeper into bear market ahead of big Fed news


NEW YORK (AP) — Most stocks on Wall Street dipped Tuesday in their first trading after tumbling into a bear market on worries that high inflation will push central banks to clamp the brakes too hard on the economy.

The S&P 500 fell 14.15, or 0.4%, to 3,735.48 as investors braced for the Federal Reserve's announcement on Wednesday about how sharply it will raise interest rates. It wobbled between losses and gains through the day after a couple big companies flexed financial strength with stronger profits and payouts to shareholders.

The Dow Jones Industrial Average fell 151.91 points, or 0.5%,...

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