Investors’ attention is on the Federal Reserve’s two-day meeting that began Tuesday morning.
On the corporate front, Unilever shares rose after the Ben & Jerry’s maker announced it would cut jobs and spin off its ice cream unit.
Reuters
Shares rise this Tuesday in Wall Streetas investors await the results of the crucial meeting of Federal Reserve policy.
Dow Jones rises 0.7%; the S&P 500 does so by 0.3% and Nasdaq by 0.2%. The technological index has operated throughout the day with considerable volatility after the fall of shares of Tesla, NIO and Advance Micro Devices and Nvidiawhich erases the initial decline to climb marginally (0.3%), following the artificial intelligence updates from its annual developer conference.
Investors’ attention is on the two-day Federal Reserve meeting that began Tuesday morning, seen as a test for stocks hit by inflation surprises that undermined bets on interest rate cuts coming soon.
Wall Street: the data that the market expects
With broad expectations that those responsible for policies keep rates at their historical levelsthe focus is on the “dot plot” to look for clues about the amount and timing of any cuts this year. The central bank’s policy decision is scheduled for Wednesday after noon.
Meanwhile, The Bank of Japan ended its era of negative rates with its first increase in 17 yearswhich caused a stir in a week full of central bank decisions.
On the corporate front, Unilever shares rose after the Ben & Jerry’s maker announced it would cut jobs and spin off its ice cream unit.
Source: Ambito
I am a 24-year-old writer and journalist who has been working in the news industry for the past two years. I write primarily about market news, so if you’re looking for insights into what’s going on in the stock market or economic indicators, you’ve come to the right place. I also dabble in writing articles on lifestyle trends and pop culture news.
