HomeFinancial MarketsFutures Steady Ahead of Final Fed Policy Decision of 2023

Futures Steady Ahead of Final Fed Policy Decision of 2023

Futures on the New York Stock Exchange held steady on Wednesday as investors braced themselves for the Federal Reserve’s final interest rate decision of the year due later in the day. Contracts listed on the Dow Jones Industrial Average and the S&P 500 were slightly above the flatline, while those on the Nasdaq 100 gained 0.2%.

Tesla shares fell after the electric vehicle maker recalled more than two million cars in order to fix an autopilot safety flaw and announced that some Model 3 vehicles will lose a US consumer tax credit. At the same time, oil rose slightly, with West Texas Intermediate (CL=F) and Brent crude futures both advancing about 1% to trade at $69 per barrel and $74 per barrel, respectively.

Markets remain fully focused on the Federal Reserve’s policy meeting. While the central bank is expected to keep rates unchanged, investors will be listening in on comments by Fed Chair Jerome Powell in order to find clues on potential rate cuts next year.

Delta CEO Ed Bastian Predicts Further Rise for the Company’s Stock

The majority of the airlines around the United States have been recently going through a period of struggles. One notable exception is Delta Air...

Shares of Palantir Technologies Plunge After a Downgrade From Monness, Crespi, and Hardt

Data-analytics software company Palantir Technologies saw its stock enjoy an admirable run since 2023 amid the ongoing artificial intelligence frenzy. However, it appears that...

Spotify Launches a New Subscription Plan for Users in the U.S.

The music streaming platform Spotify announced it would roll out a new subscription plan for its users in the United States. The news comes...