US Stocks Hold Steady as the Countdown Ticks to a Federal Reserve Decision on Interest Rates
Investors are watching for clues on future rate moves as Alphabet and Microsoft report, while SK Hynix’s record profit lifts chip shares.
- U.S. stock futures were mixed as investors awaited the Federal Reserve’s interest-rate decision and earnings from Alphabet and Microsoft.
- Semiconductor shares rose after SK Hynix reported record quarterly profit, lifting Nasdaq futures and other chip stocks.
- Markets expected the Federal Reserve to keep its benchmark rate unchanged at 3.75%–4% while investors watched for policy guidance.
- Investors planned to examine Alphabet’s and Microsoft’s earnings and artificial-intelligence spending for signs of future returns.
85 Articles
85 Articles
After the decision of the Federal Reserve (Fed) within the expected and the press conference of President Kevin Warsh to present scarce details on the next steps of monetary policy, the American exchanges closed in a slight high. The session ended in a climate of expectation for the quarterly results of Alphabet and Microsoft, in another stress test in the technology sector, after the segment found some relief in recent days. The Dow Jones index…
Investors around the world are paying attention to the Fed's interest rate decision today, which will arrive at 7 pm Hungarian time, and important corporate flash reports may also move the markets today: among the giants of the tech sector, Microsoft and Alphabet are also present today. The US stock markets closed Tuesday's trading with a rise, led by the technology sector, the Asian indices also mostly rose, and on Wednesday both the European a…
U.S. Stocks Little Changed Ahead Of Fed Announcement
Following the notable upward move seen over the two previous sessions, stocks have shown a lack of direction over the course of the trading day on Wednesday. The major averages have spent the day bouncing back and forth across the unchanged line. Currently, the major averages are narrowly mixed.
The three major New York stock indices opened higher across the board ahead of the U.S. Federal Reserve's (Fed) decision on benchmark interest rates. Semiconductor-related stocks also showed strength, buoyed by strong earnings from SK Hynix. At 9:32 a.m. local time on the 28th, the Dow Jones 30 Industrial Average recorded 52,414.84 on the New York Stock Exchange, up 37.27 points (0.07%) from the previous trading day. Standard & Poor's (S&P)
New York opened the session in positive ground, on the day of Federal Reserve decision on interest rates. The Dow Jones index records an advance of 0.11% to 52,435.86 points, the S&P500 increases 0.10% to 7,730.96 points and the Nasdaq adds 0.13% 26.519.22 points. UnitedHealth rises 0.86%, Nvidia increases 0.23%, Salesforce gains 0.51%, Goldman Sachs adds 0.55% and 3M advances 0.20%. In countercycle, Sherwin-Williams loses 1.75%, Walmart drops 0…
Coverage Details
Bias Distribution
- 36% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
