Investors are awaiting the Federal Reserve’s decision on interest rates, which is due in New York on Wednesday afternoon. The Reserve Bank of Australia also surprised the financial markets when it raised its official policy rates by 25 basis points, to 3.85%. This decision has contributed to a global risk-off mood. The S&P 500 SPX dropped 15 points or 0.4% to 4,152. Dow Jones Industrial Average DJIA lost 173 points or 0.5% to 33,883. The Nasdaq composite COMP lost 14 points or 0.1% to 12,199.