Wall St ends lower as investors turn cautious ahead of Fed rate decision

Market Overview - U.S. stock index futures showed slight increases, with the S&P 500 and Nasdaq reaching record highs, driven by investor expectations of interest rate cuts from the Federal Reserve [1][4] - Investors are anticipating a 25 basis point cut from the Federal Reserve at the conclusion of its two-day meeting, aimed at addressing the decline in the U.S. labor market [1][2] Economic Indicators - The Senate confirmed Stephen Miran as an economic adviser to the Fed, while a court rejected Trump's attempt to dismiss Fed Governor Lisa Cook, maintaining rate cut expectations [2] - An upcoming retail sales report for August is expected to provide insights into U.S. consumer health ahead of the Fed's decision [3] Company Performance - Oracle's stock rose by 3.8% in premarket trading, as it is part of a consortium that may allow TikTok to continue operations in the U.S. if a deal is reached [3] - Tesla and Alphabet contributed to the record highs of the S&P 500 and Nasdaq, with Alphabet's market valuation surpassing $3 trillion for the first time [4] - Dave & Buster's Entertainment saw a significant decline of 17.7% after missing revenue and profit expectations for the second quarter [5] - Chipotle Mexican Grill's stock increased by 1.9% following an announcement to raise its share buyback authorization [5]