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STOCK MARKET NEWS: Fed decision due, Snap shares fall, Intel cuts pay

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The Federal Reserve is expected to slow its pace of interest rate increases as meeting concludes. AMD beats revenue targets. FOX Business is providing real-time updates on the markets, commodities and all the most active stocks on the move.

Busy day of economic data aheadPayroll processing firm ADP will release its National Employment report for January. Economists anticipate an increase of 178,000 private-sector jobs, down from a much higher than expected 235,000 new jobs added in November. That forecast is just slightly below the 185,000 nonfarm jobs that the Labor Department is expected to say the economy added in January on Friday morning. for January, which rose slightly to 46.

It may provide an early clue for platforms like Facebook owner Meta Platforms Inc and Alphabet's Google when they report results later this week. during the quarter, versus net income of $23 million the previous year. It reported adjusted earnings per share of 14 cents, beating Wall Street estimates of 11 cents.Western Digital logo

 

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