Stock Market Today: Dow Steady and Markets Flat Ahead of Fed Interest Rate Decision
Market Overview
The stock market continues to hover around breakeven as we approach the Fed's interest-rate decision. The S&P 500 is up just 0.04% while the Dow and Nasdaq remain unchanged. In the bond market, the yield on the 2-year Treasury note has climbed to 3.655%, while the 10-year Treasury yield is at 3.684%.
Key Economic Indicators
- Stock Market Performance: S&P 500 +0.04%
- Dow: Unchanged
- Nasdaq: Unchanged
- 2-Year Treasury Yield: 3.655%
- 10-Year Treasury Yield: 3.684%
With roughly half of the major S&P 500 sectors rising, market participants remain cautious ahead of the 2 p.m. ET Fed announcement, which could feature a quarter-point or half-point cut.
What to Expect
Wall Street will eagerly dissect the FOMC statement for insights on future rate cuts after the announcement. Federal Reserve Chair Jerome Powell is expected to deliver comments that may lean dovish. Traders will pay close attention for indications regarding the Fed’s outlook for the economy.
This trading day is pivotal, with the potential for significant market fluctuations. It is unlikely that Wall Street will establish a clear trend leading into the week’s close.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.