The S&P 500 and the Nasdaq hovered near the flatline while the Dow Jones gained almost 200 points on Wednesday, with traders refraining from making big bets ahead of the FOMC's policy decision later in the day. The Fed is widely expected to cut the fed funds rate by 25 bps, with investors closely watching for any dissents, signs of disagreement, and the updated dot plot for clues on the future policy path. On the data front, both housing starts and building permits came in weaker than expected. Utilities and consumer staples were the top performing sectors while consumer discretionary underperformed. In corporate news, Nvidia shares slipped about 1.6% after the Financial Times reported that China's internet regulator had barred the country's largest tech firms from purchasing the company's AI chips, citing people familiar with the matter.
Sumber: Trading Economics.com
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