Tech Stocks Slip, Small Caps Soar Ahead Of Fed Rate Decision: What's Moving Markets Wednesday?
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Small-cap and blue-chip stocks rose on Wall Street, while tech stocks lagged ahead of the Federal Reserve's interest rate decision. The Fed is expected to announce a 25-basis-point cut, lowering the federal funds rate to 4.00%-4.25%. The S&P 500 remained near record highs, but historically dips after rate cuts. Nvidia, Broadcom, and Palantir saw declines due to China restricting AI chip purchases. In commodities, gold and silver fell slightly, while oil and Bitcoin also retreated. The Russell 2000 index rose 1%, marking its highest level since December 2024.
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Source: Benzinga The copyright of this article belongs to the original author/organization.
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