The S&P 500 ( ^GSPC) gained 0.3%, while the Dow Jones Industrial Average ( ^DJI) also rose 0.3% The tech-heavy Nasdaq Composite ( ^IXIC) hovered near the flatline, dragged on by falls for Nvidia ( NVDA) and Microsoft ( MSFT) of 3% and 6%, respectively.
Markets widely expect the central bank to hold its lending rate steady in its decision, expected at 2 p.m. ET.
Wall Street's main indexes were subdued at the open on Wednesday, as losses in tech heavyweights Apple and Nvidia kept broader gains in check and investor attention turned to the U.S. Federal Reserve's interest-rate decision,
Megacap tech earnings are off to a solid start, with Apple poised to update investors after the close of trading.
However, the U.S. stock market could move sharply on Jan. 29 and Jan. 30 based on commentary from the Federal Reserve, and earnings results from several "Magnificent Seven" companies: Apple ( AAPL 3.65%), Meta Platforms ( META 2.19%), Microsoft ( MSFT 2.91%), and Tesla ( TSLA 0.24%). Read on for details.
Wall Street's main indexes opened modestly down on Wednesday, influenced by losses in major tech firms Apple and Nvidia. Investor attention was primarily focused on the anticipated U.S. Federal Reserve's interest-rate decision,
The stock markets are bracing for a volatile day as losses in tech giants Apple and Nvidia might prevent broader gains. The focus shifts to the U.S. Federal Reserve's interest-rate decision. Meanwhile,
US stocks fall after the Fed held rates steady but suggested the inflation drop has stalled. Meta, Tesla and Microsoft report earnings after the bell.
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Asian stocks have advanced 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
The rest of the stock market could finally catch up to the Magnificent Seven this year—and it has nothing to do with DeepSeek. The gap in earnings growth between the Magnificent Seven and the rest of the benchmark index should compress from roughly 8 percent to less than 5 percent by the end of 2025,
Federal Reserve interest rate decision, Jerome Powell comments, PCE inflation, U.S. GDP, and earnings from Tesla, Meta, Microsoft, Apple and more.