Stock Market Today: US stocks flat as traders brace for Fed's rate decision

Investing.com-- U.S. stocks closed nearly unchanged on Tuesday despite a stronger-than-expected retail sales report which helped allay fears of a sharp economic slowdown ahead of the Federal Reserve's latest policy-setting meeting.rose 0.1% in August on a monthly basis, better than the expected 0.2% decrease, after having climbed a revised 1.1% the prior month.

Comments from Fed Chair Jerome Powell at the conclusion of the two-day Fed meeting will be studied carefully, as investors seek guidance of the likely extent of the easing cycle that could bring more interest rate cuts in the coming months.) rallied 2.7% after the chipmaker announced plans to spin off its foundry business, and that it will sell off part of its stake in Altera.

By 16:00 ET, the Brent contract climbed 1.5% to $73.85 per barrel, while U.S. crude futures traded 1.6% higher at $70.12 per barrel.

United States United States Latest News, United States United States 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 higher as Fed minutes boost Sept rate cut hopesStock Market Today: S&P 500 closes higher as Fed minutes boost Sept rate cut hopes
Source: Investingcom - 🏆 450. / 53 Read more »

Stock Market Today: Dow hits a fresh record high ahead of the key Fed meetingStock Market Today: Dow hits a fresh record high ahead of the key Fed meeting
Source: Investingcom - 🏆 450. / 53 Read more »

Stock market today: S&P 500 shrugs off inflation surprise as focus shifts to FedStock market today: S&P 500 shrugs off inflation surprise as focus shifts to Fed
Source: Investingcom - 🏆 450. / 53 Read more »

Stock market today: Asian shares rally, encouraged by Wall Street storming back from an early slideAsian shares are mostly higher, encouraged by gains on Wall Street led by a handful of influential Big Tech companies.
Source: wjxt4 - 🏆 246. / 63 Read more »

Stock market today: Wall Street drifts as Oracle soars and banks and oil slumpU.S. stocks drifted to a mixed close following several weeks of sharp swings
Source: latimes - 🏆 11. / 82 Read more »

Stock market today: Asian shares echo Wall Street rally as investors gauge inflation dataAsian shares are trading mostly higher after a rally on Wall Street that regained some of the losses from the market’s worst week in nearly a year and a half. Benchmarks rose in Tokyo, Sydney, Seoul and Hong Kong in Tuesday morning trading.
Source: AP - 🏆 728. / 51 Read more »