BUSINESSWPLG LOCAL 10 MIAMI
US stocks drift ahead of the Fed's announcement on interest rates
U.S. stocks drifted ahead of the Federal Reserve's interest rate announcement, with the S&P 500 up 0.2%, the Dow Jones rising 0.5%, and AI-related stocks like Jabil, Broadcom, and Applied Materials seeing gains. The market awaits the Fed's decision, which is expected to keep rates unchanged but provide future projections, while a U.S.-Iran agreement on oil prices adds uncertainty about inflation trends.
Mentioned
Related Signal