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BUSINESSJun 17 · 14:21 UTCWPLG LOCAL 10 MIAMIBy STAN CHOE, Associated Press

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.

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