Investors react to the Federal Reserve's policy decision and Chairman Jerome Powell's press conference, as well as results from Meta, Microsoft and Tesla.
Follow the market action on Wednesday to see whether the post-DeepSeek rally can continue and how investors react to the Federal Reserve rate decision and results from Meta, Microsoft and Tesla loom.
Major U.S. stock averages lost ground Wednesday afternoon, mostly remaining in the red after the Federal Reserve paused its run of interest rate cuts while pointing to a stall in inflation progress. The Fed's widely expected decision arrived before Big Tech companies start rolling out their quarterly reports late Wednesday.
Major averages drift lower on Wednesday, as investors turned their focus to the upcoming interest rate decision, and big tech earnings slated for later in the day. Early on and the S&P 500 (SP500) was -0.
Nasdaq futures inched higher on Wednesday as chip sector stocks gained after quarterly orders for semiconductor equipment maker ASML exceeded expectations, while investors awaited the Federal Reserve's interest-rate decision later in the day.
U.S. stocks ended higher on Tuesday, with Nvidia and other artificial intelligence-linked technology shares recovering from sharp losses the previous day as investors snapped up bargains. The Nasdaq jumped 2% and AI chip leader Nvidia rose 8.
U.S. stocks rose on Tuesday, with artificial intelligence-linked and other technology shares bouncing back from sharp losses the previous day as investors snapped up bargains. The Nasdaq led gains. AI chip leader Nvidia added 6.
10:30 a.m. Atlanta Fed GDPNow fourth quarter update.
The S&P 500 and the Nasdaq fell sharply on Monday, led by Nvidia and other chipmakers as popularity of a low-cost Chinese artificial intelligence model raised investor worries about the outlooks for current AI leaders in the United States.
Crypto is in a cooling period after running to a new record last week and was pulled lower by the DeepSeek-driven sell-off in tech stocks.
The Nasdaq and other major indexes rebounded on Tuesday, recovering from the sharp sell-off triggered by DeepSeek’s crash, which had sent AI stocks tumbling. Nvidia, which plunged over 16% on Monday,