From Europesays · · 3m
US Stocks Edge Up Ahead of Fed Decision
US stocks climb as Fed holds rates steady amid AI earnings reports.
In brief
US stocks climb as Fed holds rates steady amid AI earnings reports. US stocks rose slightly ahead of Fed's interest rate decision and Big Tech earnings reports. Originally reported by Europesays.
US stocks mixed ahead of Fed decision
US stocks were mixed ahead of a critical day for markets with a Fed decision and earnings results from Microsoft and Alphabet on deck.
Dow and S&P 500 edge up
The Dow Jones Industrial Average and S&P 500 edged roughly 0.1% higher while the tech-heavy Nasdaq Composite was slightly below the flatline.
Tech stocks rally on AI demand
Sentiment in the tech trade has markedly improved this week with the S&P 500 and Nasdaq posting back-to-back gains after semiconductor stocks rose.
Broadcom's $63 billion AI financing
Broadcom’s CEO negotiated for a consortium of banks to announce a $63 billion financing structure for building AI compute capacity.
SK Hynix profits jump 632%
SK Hynix reported a 328% jump in quarterly revenue to roughly $78.7 billion with operating profit surging 632% to about $62.7 billion.
Fed expected to hold rates steady
The Fed is widely expected to hold rates steady at 2 p.m. ET with Chair Kevin Warsh’s press conference closely watched for signs of hawkish bias.
Microsoft earnings and AI build-out
Microsoft’s report comes just after it offered buyouts to up to 60,000 employees as it tries to streamline operations amid the AI build-out.
Robinhood warns of AI trading risks
Robinhood warned its new artificial intelligence agents could execute unintended trades and expose the platform to new regulatory and legal risks.
Wendy’s buyout offer by Trian Partners
Trian Partners reportedly offered $1.4 billion to buy Wendy’s after the fast food giant faced restaurant closures.
AI power demand surges
US electricity demand from data centers is expected to double from 2025 to 2027 according to Goldman Sachs research.
Fed rate decision live updates
The Fed is widely expected to hold rates steady at 2 p.m. ET with Chair Kevin Warsh’s press conference closely watched for signs of hawkish bias.
AI bottlenecks emerge
Natural gas has emerged as a key bottleneck for AI build-out with Anthropic’s S-1 filing showing it as an AI vertical.
Market reaction to AI
Tech stocks entered the session with renewed momentum after back-to-back gains for the S&P 500 and Nasdaq.
AI trade risks dollar
Foreign capital has poured into US assets making the dollar an increasingly crowded bet on American exceptionalism.
Market volatility ahead
US stocks edge into the green at Wednesday’s open as investors look ahead to Fed decision and Big Tech earnings reports.
Here's the gist
US stocks rose slightly ahead of Fed's interest rate decision and Big Tech earnings reports.
