US stocks were mired in the red on Wednesday as disappointing earnings dented AI hopes, while investors waited for the Federal Reserve's policy decision and clues to chances for rate cuts. S&P 500 futures fell 0.4%, while Dow Jones Industrial Average futures shed 0.2%. Contracts on the tech-heavy Nasdaq 100 led the way lower with a 0.6% drop.
At the same time, stocks are coming off a bruising session and their worst month this year, after a sharp rise in US labor costs cemented the idea that Fed policymakers will keep interest rates higher for longer. The Fed is widely expected to keep rates at a 23-year high later Wednesday, which means investors are focused on what clues Chair Jerome Powell has to offer to when and whether easing might begin.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Malaysia Malaysia Latest News, Malaysia Malaysia 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 gains after Tesla's China gambit in big week for marketsTesla is providing a boost ahead of a big week filled with a Fed rate decision, the monthly jobs report, and more Big Tech earnings.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Stock market today: S&P 500 futures gain after Tesla's China gambitTesla is providing a boost ahead of a big week filled with a Fed rate decision, the monthly jobs report, and more Big Tech earnings.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Stock market today: S&P 500, Nasdaq notch big gains as Tesla kicks off 'Magnificent 7' earningsThe wait for Tesla results is on as investors look to Big Tech earnings to buoy stocks.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Stock market today: S&P 500, Nasdaq notch big gains with Tesla earnings on deckThe wait for Tesla results is on as investors look to Big Tech earnings to buoy stocks.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Stock market today: S&P 500 snaps 6-day losing streak ahead of Big Tech earnings rushBig Techs are the highlight as hopes rest on this week's flood of earnings to reassure and reignite the market.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Stock market today: S&P 500 slides for 5th-straight dayInvestors are counting down to earnings from Netflix, the first of the 'Magnificent' group of companies to report.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »