HomeFinancial MarketsStocks Close Mixed as Attention Turns to Fed Meeting

Stocks Close Mixed as Attention Turns to Fed Meeting

Wall Street
Wall Street. Image by miljan010/Depositphotos
Nick M
By Nick M

Stocks closed relatively mixed on Monday evening as Wall Street braces itself for the Federal Reserve’s policy meeting this week. The S&P 500 rose by approximately 0.07% and the Dow Jones edged 0.02% higher, while the Nasdaq Composite Index finished the day just 0.01% higher than in the previous session.

With the Federal Reserve set to meet over Tuesday and Wednesday, investors are expecting the central bank to hold its interest rates steady in the current range of 5.25% to 5.5%. This comes after an influx of economic data that indicated a cooling labor market and declining inflation.

According to the CME FedWatch Tool, markets are expecting a 99% chance that the Fed will pause its interest rate hikes this month. This is up from a 92% probability price a week ago.

GameStop Shares Surge More Than 35% Ahead of the Earnings Report

Shares of video game and electronics retailer GameStop are on the rise again. The company’s stock has been surging in recent days, gaining more...

Microsoft to Invest $3.2 Billion in UK in AI Push

Microsoft is planning to inject $3.2 billion over the next three years into the United Kingdom in an effort to foster artificial intelligence technology...

European and U.S. Stocks Rise Ahead of U.S. Inflation Data

European and U.S. stocks rose higher during Thursday's morning session as investors awaited U.S. inflation data due to be released later in the day....