NEW YORK — U.S. stocks drifted to a mixed close near their all-time highs ahead of a highly anticipated meeting of the Federal Reserve. The S&P 500 edged just barely higher Tuesday. The Dow Jones Industrial Average slipped less than 0.1%, pulling slightly below the record high it set a day earlier. The Nasdaq composite rose 0.2%, driven by gains for Big Tech companies including Microsoft and Intel.
Microsoft rose 0.9% after increasing its dividend and announcing a program to deliver up to another $60 billion to investors by buying back stock. Since then, excitement has built about an announcement scheduled for Wednesday afternoon from the Federal Reserve. The unanimous expectation on Wall Street is that the Fed will deliver the first cut to its main interest rate in more than four years.
While lowering rates gives a boost to the overall economy and to financial markets, it can also give inflation more fuel. Some critics say the Fed is already moving too late to help the economy, while others warn of inflation staying stubbornly higher than it has in the past. “This data isn’t going to decide the issue for the Fed, one way or the other,” Chris Larkin, managing director, trading and investing, at E-Trade from Morgan Stanley, said about the size of Wednesday's rate cut.
لقد قمنا بتلخيص هذا الخبر حتى تتمكن من قراءته بسرعة. إذا كنت مهتمًا بالأخبار، يمكنك قراءة النص الكامل هنا. اقرأ أكثر:
الإمارات العربية المتحدة أحدث الأخبار, الإمارات العربية المتحدة عناوين
Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.
Stock market today: Wall Street extends losses as technology and energy stocks fallStocks lost more ground on Wall Street Wednesday, led by declines in the technology and energy sectors. The S&P 500 fell 0.2% Wednesday, following a 2.1% drop a day earlier. The Nasdaq composite dropped 0.3%.
مصدر: SooToday - 🏆 8. / 85 اقرأ أكثر »
Stock market today: Wall Street climbs ahead of speech by Fed chief PowellNEW YORK (AP) — Stocks are climbing on Wall Street, but the market’s focus is thousands of miles to the west, where the head of the Federal Reserve is about to give a highly anticipated speech about interest rates. The S&P 500 was 0.
مصدر: SooToday - 🏆 8. / 85 اقرأ أكثر »
Stock market today: Wall Street wavers in morning trading following worst day in a monthNEW YORK (AP) — Stocks are wavering in morning trading on Wall Street Wednesday, a day after the market’s worst performance in a month. The S&P 500 is mostly unchanged following a 2.1% drop a day earlier.
مصدر: SooToday - 🏆 8. / 85 اقرأ أكثر »
Stock market today: Wall Street holds near records after an 8-day winning streakNEW YORK (AP) — U.S. stocks are holding near their record levels following an eight-day winning streak. The S&P 500 was down less than 0.1%. The Dow Jones Industrial Average fell 0.1%, and the Nasdaq composite slipped 0.1%.
مصدر: SooToday - 🏆 8. / 85 اقرأ أكثر »
Stock market today: Wall Street drifts in mixed trading ahead of Fed meeting this weekNEW YORK (AP) — U.S. stocks are drifting in mixed trading, offering a break from their whipsaw moves in recent weeks. The S&P 500 slipped 0.1% early Monday. The Dow Jones Industrial Average was up 255 points, or 0.
مصدر: SooToday - 🏆 8. / 85 اقرأ أكثر »
Stock market today: Asian shares echo Wall Street rally as investors gauge inflation dataTOKYO (AP) — Asian shares were trading mostly higher Tuesday after a rally on Wall Street that regained some of the losses from the market’s worst week in...
مصدر: YahooFinanceCA - 🏆 47. / 63 اقرأ أكثر »