US Stocks Hold Steady as the Countdown Ticks to a Federal Reserve Decision on Interest Rates
Investors are betting the Fed will hold rates steady as Alphabet and Microsoft lead a tech advance before earnings.
- U.S. stocks drifted higher early Wednesday as investors await the Federal Reserve's interest rate announcement later today, with markets widely expecting the central bank to hold rates steady.
- The Federal Reserve raised its main interest rate last month for the first time in three years, aiming to slow high inflation that is squeezing the economy.
- Early Wednesday, the S&P 500 rose 0.2% while tech stocks surged ahead of the meeting, as the yield on the 10-year Treasury edged up 0.25% to 5.0%.
- South Korea's memory chipmaker Hynix jumped 11.4% after reporting record quarterly profit of 83.3 trillion won , while Brent crude rose nearly 2% following refinery attacks.
- The Bank of Japan prepares for a two-day policy meeting starting Thursday; Germany's DAX edged up less than 0.1%, while Britain's FTSE 100 declined 0.3%.
23 Articles
23 Articles
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…
dagelijksestandaard.nl
Nieuws.nlNEW YORK (ANP) - The stock markets in New York opened with small gains on Wednesday in the run-up to the U.S. central bank's interest rate decision later in the day. In addition, after the close of trading on Wall Street, come quarterly results from Microsoft and Google parent Alphabet. The one in New York...
The Bakersfield Californian
US stocks hold steady as the countdown ticks to a Federal Reserve decision on interest rates
U.S. stocks are drifting as the countdown ticks toward this afternoon’s announcement from the Federal Reserve on what it will do with interest rates. The S&P 500 rose 0.2% Wednesday. The Dow Jones Industrial Average added 31 points, and the…
Wall Street opens the positive session, on the day of the announcement of the decisions of the Federal Reserve that, at the end of the Fomc, should keep the rates unchanged, in the analysts' forecasts: the Dow Jones marks in the first beats a rise of 0.10... (ANSA)
The New York Stock Exchange opened in slight increase on Wednesday, before the monetary policy decision of the US central bank (Fed) and waiting for the results of the Alphabet (Google) giants...
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