economy
Stock futures are higher as Wall Street gears up for Federal Reserve rate decision: Live updates
Wednesday's FOMC decision marks the first with new Fed Chairman Kevin Warsh at the helm of the U.S. central bank.
TL;DR
- U.S. stock futures showed gains ahead of the Federal Reserve's interest rate decision.
- The Dow Jones Industrial Average reached new intraday and closing highs on Tuesday, while the S&P 500 and Nasdaq Composite declined.
- SpaceX shares continued to rise, up significantly since its IPO.
- Japan's Nikkei 225 hit a new high, boosted by strong export growth in May, particularly for cars and semiconductors.
- Asian markets experienced mixed trading, with South Korea's Kospi leading losses.
- A potential peace deal between the U.S. and Iran, along with the termination of military operations, is influencing market sentiment.
- Strategists are constructive about the second half of the year, expecting leadership from AI infrastructure stocks.
- Investors anticipate the Fed will keep interest rates unchanged, with new Chairman Kevin Warsh leading the FOMC meeting.
- HSBC shares rose after announcing a partnership with Google Cloud to enhance AI capabilities.
- Financials was the best-performing GICS sector on Tuesday, while Information Technology lagged.
- Upcoming earnings reports include CarMax, Jabil, Accenture, and Kroger.