US stocks were mostly steady on Wednesday as tech stocks eyed a rebound ahead of the Federal Reserve's interest rate decision, the first under new Chairman Kevin Warsh.
The tech-heavy Nasdaq Composite (^IXIC) nudged above the flat line, while the S&P 500 (^GSPC) rose about 0.1%. The Dow Jones Industrial Average (^DJI) rose 0.4% after the blue-chip benchmark closed at a record high amid uncertainty around the US-Iran peace deal.
The Fed is widely expected to hold rates steady on Wednesday. As a result, investors will focus on discerning Warsh's view of monetary policy and whether rate hikes could be on the horizon. Hot inflation data amid the US war with Iran, combined with signs of a steady job market, has taken rate cuts off the table.
Investors are also debating whether the blocked oil flows through the Strait of Hormuz could be cleared quickly, as they weigh the US-Iran interim deal to end their conflict. After agreeing on a draft 14-point memorandum, the two sides aim to formally sign an agreement on Friday.
But President Trump said the memo wasn't final and the US could "go right back to dropping bombs right smack in the middle of their head" if he didn't like it, speaking
Fuente original: Yahoo Finance (https://finance.yahoo.com/markets/live/stock-market-today-dow-rises-sp-500-and-nasdaq-slip-ahead-of-fed-rate-decision-225641465.html)