Stock Market Today: S&P500 closes lower as Fed kicks off meeting

Investing.com -- The S&P 500 closed lower Tuesday, led lower by tech amid cautious trading as the Federal Reserve kicked off its two-day meeting and investors awaited further earnings from big tech."Any indication of additional confidence in terms of inflation moving to its target or an upward adjustment in its assessment of the progress of inflation will presumably increase the odds of a September adjustment in policy," Stifel said in a note on Tuesday.

Signs of ongoing labor demand underpinned consumer confidence in July, which rose to a reading of 100.3 from 97.8 the prior month.The earnings report from Microsoft will be closely watch to"gauge the adoption of the AI Revolution as Microsoft and Nvidia stock soared 12% after the low-cost carrier posted a surprise second-quarter profit and announced plans to deepen its cost cuts.

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stock Market Today: S&P 500 closes lower as tech rebound runs out of steamStock Market Today: S&P 500 closes lower as tech rebound runs out of steam
Source: Investingcom - 🏆 450. / 53 Read more »

Stock market today: Wall Street opens slightly lower; CrowdStrike sinks after tech outageNEW YORK (AP) — Wall Street is relatively quiet even as businesses around the world...
Source: ExpressNews - 🏆 519. / 51 Read more »

Stock market today: A washout on Wall Street sends stocks, big to small, lowerA widespread washout across Wall Street dragged U.S. stocks lower.
Source: latimes - 🏆 11. / 82 Read more »

Stock Market Today: S&P500 closes lower as tech continues to lose steamStock Market Today: S&P500 closes lower as tech continues to lose steam
Source: Investingcom - 🏆 450. / 53 Read more »

Stock market today: Wall Street hits records as a slowing economy boosts hopes for lower ratesWall Street's record-breaking rally kept going after weak reports on the economy kept the door open for possible cuts to interest rates.
Source: latimes - 🏆 11. / 82 Read more »

Stock market today: Global shares are mostly lower after gains on Wall StreetGlobal stocks are mostly lower after benchmarks ended higher on Wall Street.
Source: ksatnews - 🏆 442. / 53 Read more »