Dow, S&P 500 drop for a third straight day | Zoom falls | Stable stocks in the most volatile times

Investors brace for more clarity from the Federal Reserve.

VIEW IN BROWSER | SUBSCRIBE TUE, AUG 23, 2022 EVENING BRIEF AS OF TUE, AUG 23, 2022 • 05:00 ET DJIA 32909.59 -0.47% -154.02 S&P 500 4128.73 -0.22% -9.26 NASDAQ 12381.30 0.00% -0.27 Most Active DOW NAME LAST CHG %CHG AAPL 167.23 -0.34 -0.20% INTC 33.95 +0.11 +0.33% VZ 43.47 -0.70 -1.58% S&P 500 NAME LAST CHG %CHG OXY 73.79 +4.76 +6.90% AAPL 167.23 -0.34 -0.20% AMD 92.49 -0.35 -0.38% NASDAQ NAME LAST CHG %CHG AAPL 167.23 -0.34 -0.20% AMD 92.49 -0.35 -0.38% NVDA 171.81 +1.47 +0.86% EDITOR'S NOTE The Dow Jones Industrial Average and the S&P 500 fell for a third straight day Tuesday as investors awaited what could be a hawkish message out from Federal Reserve Chairman Jerome Powell later this week.   Some market participants believe investors have gotten too exuberant this summer, tilting toward more risky assets when inflation, growing recession risks and overly inflated earnings expectations remain concerns.   "This bear in our view has one last act," read a note from Lisa Shalett, head of the global investment committee at Morgan Stanley Wealth Management.  Meanwhile, UBS recommended investors continue to build resilient portfolios that can weather further market volatility, including adding to more defensive sectors such as health care, and taking advantage of longer-term trends.    "We expect equity markets to remain volatile as investor sentiment oscillates between hopes that the Fed will succeed in steering the US economy to a 'soft landing,' and fears that it will not,"  UBS' Global Wealth Management chief investment officer Mark Haefele wrote in a Tuesday note.   Some long-term trends investors can explore are in green tech, cybersecurity and agriculture, the firm said.  Sarah Min | Investing Reporter at CNBC Pro @_sarahmin Watch our live stream for all you need to know to invest smarter. TOP NEWS  Dow, S&P 500 fall Tuesday, notching three-day losing streak Twitter whistleblower alleges execs misled board and public on spam, security Biden's decision on student loan forgiveness could come as soon as Wednesday Zoom shares fall 16% following revenue miss and gloomy forecast Apple looks vulnerable to chart strategists. That could be a warning for the whole market Jim Chanos bets on AMC and its new APE shares to converge in an arbitrage trade These stable stocks are staying above water and generating income in this volatile year The Koch network and other Trump allies are quietly backing his biggest GOP critic: Rep. Liz Cheney We're in a 'housing recession,' experts say. Here's what that means for homeowners, sellers and buyers Starbucks informs workers at two stores of closures, union claims retaliation TOP VIDEO Tech stocks will be in the green in the second half, says Wedbush's Dan Ives CNBC PRO These new ETFs can help income-focused investors squeeze more yield from the bond market SPECIAL REPORTS 88% of investors worry about inflation, rate hikes. Here's how to prepare your portfolio as interest rates continue to rise Half of employers are planning layoffs—here's how to negotiate your exit if it happens to you Unsubscribe Manage Newsletters Terms of Service Join the CNBC Panel Digital Products Feedback Privacy Policy © 2022 CNBC LLC. All rights reserved. A property of NBCUniversal. 900 Sylvan Avenue, Englewood Cliffs, NJ 07632 Data is a real-time snapshot *Data is delayed at least 15 minutes. Global Business and Financial News, Stock Quotes and Market Data and Analysis. Data also provided by THOMSON REUTERS