US stocks were mixed on Wednesday, with the S&P 500 trading around the flatline and the Nasdaq down 0.1% while the Dow Jones rose about 90 points, ending a nine-session losing streak, its longest since 1978. Investors are focused on the upcoming FOMC decision later in the day, where the Fed is widely expected to announce a 25bps cut to the federal funds rate.
Additionally, the Fed will release its latest economic projections, including the closely watched "dot plot" that outlines policymakers' expectations for future interest rate moves.
On the corporate side, Nvidia shares rose nearly 3% after falling into correction territory this week. Other megacaps were mixed, with Apple (-0.5%), Microsoft (-1.2%), Amazon (-0.7%), Tesla (-3.3%), and Alphabet (-0.5%) down while Metatraded around the flatline.
Source: Trading Economics
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