Dow Futures Rise Ahead of Fed Rate Decision
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Dow slips, S&P 500 flat
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Wall Street digested a wave of Big Tech earnings alongside the Federal Reserve’s latest interest rate move, while waiting for President Trump's long-awaited summit with Chinese leader Xi Jinping.
The Dow ended lower and the S&P 500 finished nearly flat on Wednesday after the Federal Reserve cut interest rates but Fed Chair Jerome Powell said another rate cut in December is far from assured. The Nasdaq registered another record closing high,
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Dow Jones Futures Rise On Microsoft, Meta, Google Earnings; Will Trump, Xi Seal Trade Deal Tonight?
Dow Jones futures rose slightly overnight, along with S&P 500 futures and Nasdaq futures. MicrosoftMSFT, Meta PlatformsMETA and Google parent AlphabetGOOGL reported late Wednesday. A Trump-Xi meeting looms overnight with investors betting on a trade deal or truce.
U.S. stocks pulled back on Wednesday afternoon as Federal Reserve Chair Jerome Powell was outlining the thinking behind another interest-rate cut of 25 basis points. Powell pointed to weakness in the labor market as a reason for both of the rate cuts,
U.S. stock futures were fluctuating on Wednesday following Tuesday’s advance. Futures of major benchmark indices were mixed.