New York, Dec 10 (AP) US stocks largely held in place on Tuesday as Wall Street waits to hear what the Federal Reserve will say Wednesday about where interest rates are heading.

The S&P 500 edged down by 0.1 per cent and remained near its all-time high set in October. The Dow Jones Industrial Average dipped 179 points, or 0.4 per cent, and the Nasdaq composite added 0.1 per cent.

JPMorgan Chase was the heaviest weight on the market after a top executive, Marianne Lake, said the bank’s expenses could rise to USD 105 billion next year.

That would be up 9 per cent from an estimated USD 95.9 billion in expenses this year, though Lake also said JPMorgan Chase is “feeling pretty good about the underlying financial health of the borrowers in our portfolio." Its stock fell 4.7 per cent.

Anothe

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