On Wednesday, the S&P 500 and Nasdaq showed little movement as declines in major tech companies like Apple and Nvidia curbed wider market gains. All eyes were on the impending interest rate decision from the U.S. Federal Reserve, set for release later in the day.
It is broadly anticipated that the Federal Reserve will maintain the current interest rates in its announcement, scheduled for 2 p.m. ET.
Goldman Sachs economists mentioned in a report, “Given the lack of clear effects from various governmental actions, especially tariffs, as well as tax policies and the immigration policy’s influence on the job market, we anticipate the Fed will likely offer limited guidance today.”
As of 9:46 a.m. ET, the Dow Jones Industrial Average had risen by 23.73 points, or 0.05%, reaching 44,874.08, while the S&P 500 dropped by 16.71 points, or 0.26%, to 6,052.02, and the Nasdaq Composite fell by 112.68 points, or 0.53%, to…
