US stock markets were mostly flat on Tuesday as traders digested fresh labor market data ahead of the Federal Reserve’s interest rate decision. The S&P 500 inched up 0.1%, the Dow Jones gained 90 points, while the Nasdaq hovered near the flatline. Markets widely expect a 25bp rate cut on Wednesday, with attention shifting to the Fed’s updated economic projections amid lingering uncertainty over the pace of policy easing in 2026. Meanwhile, JOLTS job openings for September and October came in above expectations. In corporate news, Nvidia fell 1% after reports that Beijing may restrict domestic chip purchases, following President Trump’s approval for the company to ship H200 processors to China with 25% of sales revenue paid to the US government. Home Depot dropped more than 1% after issuing weaker-than-expected 2026 earnings growth guidance. Investors also kept an eye on the ongoing Paramount-Netflix bidding war for Warner Bros.