U.S. stocks close lower due to selloff ahead of Fed decision

NEW YORK, Dec. 17 (Xinhua) -- U.S. stocks ended lower on Tuesday, as investors grappled with concerns that a resilient economy might prompt the Federal Reserve to slow its pace of interest rate cuts.

The Dow Jones Industrial Average fell 267.58 points, or 0.61 percent, to 43,449.9, for the ninth consecutive trading session of decrease, the longest losing streak since 1978. The S&P 500 sank 23.47 points, or 0.39