Stock market today: Global stocks advance ahead of the Fed’s rate decision as panic over AI fades

Stock market today: Wall Street drifts ahead of the Fed's rate decision and Big Tech reports

NEW YORK (AP) — U.S. stock indexes are drifting on Wednesday, ahead of the Federal Reserve’s upcoming decision on interest rates and after two days of disruption driven by doubts about the artificial-intelligence boom. The S&P 500 was down 0.3% in afternoon trading on a packed day, which will also include earnings reports from influential companies like Microsoft, Meta Platforms and Tesla after trading closes. The Dow Jones Industrial Average wa…

Asian markets track Wall St bounce as Fed decision looms

Hong Kong, China — Asian markets rose in holiday-thinned trade Wednesday, tracking a rally on Wall Street, where tech titans led by Nvidia recovered some of their hefty losses a day earlier as worries over Chinese AI startup DeepSeek subsided. Investors were also awaiting the conclusion of the Federal Reserve’s policy meeting later in the

Stock market today: Global stocks advance ahead of the Fed’s rate decision as panic over AI fades

NEW YORK (AP) — U.S. stock indexes are drifting on Wednesday, ahead of the Federal Reserve’s upcoming decision on interest rates and after two days of disruption driven by doubts about the artificial-intelligence boom. The S&P 500 was down 0.2% in morning trading on a packed day, which will also include earnings reports from influential companies like Microsoft, Meta Platforms and Tesla after trading closes. The Dow Jones Industrial Average was …

Stock market today: Asian stocks advance ahead of the Fed's rate decision as panic over AI fades

Asian stocks advanced Wednesday in thin Lunar New Year trading following a rebound on Wall Street driven by tech stocks as the panic over Chinese AI company DeepSeek faded. Most markets in Asia were closed for holidays. Investors were focusing on the Federal Reserve’s rate decision due later in the day. U.S. futures were flat and oil prices fell. In Tokyo, the Nikkei 225 index recovered from Tuesday's losses, gaining 0.7% to 39,273.49. Australia…

Chinese AI chatbot's rise slams US tech stocks

What happened The soaring popularity of a new AI chatbot from Chinese startup DeepSeek, plus the company's low-cost and high-performance advances in AI development, sent U.S. tech stocks tumbling Monday. Chipmaker Nvidia's shares slumped 17%, wiping out $600 billion in market value, the biggest one-day loss ever for a public company. The Nasdaq lost 3%, or roughly $1 trillion. Who said what DeepSeek's AI assistant, released Jan. 10, became the t…

Tech stocks climb, U.S. consumer confidence dips

The world’s largest technology companies climbed after a selloff that shook markets around the globe, with traders gearing up for the start of the megacap earnings season and the U.S. Federal Reserve rate decision.