Wall Street is experiencing a widening divergence between growth and value stocks, with the Nasdaq 100 hitting a record high while the Dow Jones faces its eighth consecutive loss. As the Federal Reserve meeting approaches, market participants are cautious, anticipating a potential 'hawkish cut' that could influence future rate adjustments amid ongoing inflation concerns.Sector performance indicates a strong preference for growth stocks, highlighted by significant gains in tech giants like Alphabet, Tesla, and Broadcom, while the S&P 500 remains in a near-term range. The ratio of value to growth stocks is at its lowest since January 2022, reflecting this trend.