U.S. stocks are falling as investors look ahead to Fed meeting By Investing.com

By Liz Moyer

Investing.com — U.S. stocks were trading lower as investors pause before next week’s interest rate decision by the Federal Reserve.

At 9:47 ET (14:47 GMT), the was down 74 points or 0.2%, while the was down 0.4% and the was down 0.7%.

On Monday, stocks sold off the Fed will continue with its rate-hiking path for longer. It is widely expected to raise rates again next week, but perhaps by a smaller half-percentage point increment than at each of its four previous .

The fear was fueled by better-than-expected data on the industry, adding to a better-than-expected report on last Friday. Stronger data could give the Fed reason to continue on its rate path for longer.

Also hanging in the balance: the results of a runoff election today in Georgia, a key battleground state. The vote could determine the balance in the Senate, where Democrats hold a razor-thin majority.

A win by incumbent Democrat Sen. Raphael Warnock could give the party 51 seats in the Senate, while a victory by Republican candidate and former football star Herschel Walker could give the GOP power to block initiatives.

GitLab Inc (NASDAQ:) shares are up 8.9% after it on sales and reported a smaller-than-expected loss for the quarter. Signet Jewelers Ltd (NYSE:) shares jumped 16% after profit per share that was more than double expectations and met expectations with a 7.6% drop in same-store sales.

Oil was trading lower. was down 0.1% to $76.88 a barrel, while crude is down 0.3% to $82.42 a barrel. was up 0.5% to $1789.