𝗨𝗦 𝗦𝘁𝗼𝗰𝗸 𝗠𝗮𝗿𝗸𝗲𝘁 𝗧𝗿𝗮𝗱𝗲𝘀 𝗦𝘁𝗲𝗮𝗱𝘆 𝗔𝗵𝗲𝗮𝗱 𝗢𝗳 𝗙𝗲𝗱 𝗗𝗲𝗰𝗶𝘀𝗶𝗼𝗻
US stocks traded within a small range on Wednesday. Investors waited for the Federal Reserve policy decision.
Key market movements:
- S&P 500 rose 0.1% in early trade.
- Nasdaq Composite rose 0.5% due to technology and artificial intelligence stocks.
- Dow Jones Industrial Average stayed largely unchanged.
- Brent crude oil traded near $79.43 per barrel.
- US benchmark crude rose 60 cents to $76.65 per barrel.
Oil prices stayed below $80 per barrel. This follows hopes for a US-Iran peace agreement in Switzerland. A formal deal could allow Iran to resume oil exports and provide sanctions relief.
Stock highlights:
- Micron Technology rose 3.5%.
- Intel rose 3.1%.
- La-Z-Boy rose over 16% after strong earnings.
The Federal Reserve holds a two-day meeting. Most traders expect the central bank to keep interest rates at current levels.
Global market updates:
- Japan's Nikkei 225 and South Korea's Kospi reached record highs.
- France's CAC 40 rose 0.2%.
- Britain's FTSE 100 and Germany's DAX stayed mostly unchanged.
- Hong Kong's Hang Seng fell 0.7%.
- Shanghai's Composite index rose 0.4%.
Source: The Times of India