As traders await a significant Federal Reserve interest rate decision, U.S. stock markets are experiencing fluctuations. The S&P 500 and Nasdaq have recently achieved record highs, while other indices, including the Dow, show signs of caution. Retail sales data indicating stronger than expected growth may influence market sentiments as stocks fluctuate. Wall Street remains vigilant, specifically focusing on the Fed’s potential rate cut, which is heightened by lower bond yields and notable performances from major tech companies like Tesla. Investors are closely monitoring various scenarios that could emerge from the Fed meeting, with futures showing slight gains amid the anticipation of retail sales data.