Stocks mixed in countdown to Fed: Stock market news today | Wednesday Morning June 14 Yahoo Finance
Автор: Yahoo Finance
Загружено: 2023-06-14
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#stocks #inflation #YahooFinance #recession #bitcoin #Biden #Stockmarket #coronavirus #memestocks #Fed #YahooFinance #investing #stockmarket #bitcoin #crypto
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It's decision day for the Federal Reserve, and markets are positioned for policymakers to put their interest-rate hiking campaign on ice, for now.
Near 10 a.m. ET, the S&P 500 (^GSPC) was up slightly, while the Dow Jones Industrial Average (^DJI) lost around 0.4%. The technology-heavy Nasdaq Composite (^IXIC).
Most of the day's market action is expected to come after Federal Reserve Chairman Jerome Powell begins his press conference later.
Stocks were mixed during midday trading as traders await the central bank’s latest interest-rate decision.
The S&P 500 (^GSPC) advanced 0.32%, while the Dow Jones Industrial Average (^DJI) slipped 0.29%. The Nasdaq Composite (^IXIC) gained 0.38%.
Oil futures turned lower after US stocks ballooned by another 7.9 million barrels last week to reach 467.1 million, according to Energy Information Administration data out Wednesday.
US benchmark WTI crude was down 0.7% at $68.90 per barrel, while global benchmark Brent crude dropped 0.8% to $73.63 a barrel.
Gasoline stocks gained some momentum with shares of Shell (SHEL) and TotalEnergies SE (TTE) up 1.36% and 0.58%, respectively.
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