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US Stocks Tick Higher as JetBlue Jumps and Boeing Falls Following Mixed Profit Reports
Investors weighed mixed earnings and interest-rate uncertainty as futures rose, with Alphabet, Microsoft and Amazon set to report this week.
- The S&P 500 rose 0.3% on Tuesday as the Federal Reserve opened its two-day meeting in Washington to decide on interest rates amid widespread expectations officials will hold rates steady.
- Central bank officials hiked the fed funds rate last month for the first time in three years, aiming to slow inflation that has remained well above their 2% target; few economists expect another increase this week.
- Broadcom climbed 3.3% after announcing a $63 billion financing deal to help Anthropic access AI accelerators, while investors await quarterly results from Alphabet and Microsoft on Wednesday and Amazon on Thursday.
- Artificial-Intelligence stocks are driving market gains, though the sector remains unsettled after experiencing significant volatility in recent weeks, offsetting broad declines across the S&P 500.
- Rising gas prices triggered by the war in Iran could further raise costs across the economy; diesel fuel was $6.35 on Tuesday, an increase of about 74% compared with this time last year.
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13 Articles
13 Articles
The Columbian+5 Reposted by 5 other sources
Wall Street drifts as Broadcom and other AI-related stocks help support the market
NEW YORK — Wall Street is holding relatively steady Tuesday as stocks in the artificial-intelligence industry help support the market, at least for now.
·Vancouver, United States
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Coverage Details
Total News Sources13
Leaning Left6Leaning Right3Center3Last UpdatedBias Distribution50% Left
Bias Distribution
- 50% of the sources lean Left
50% Left
L 50%
C 25%
R 25%
Factuality
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