The Fed is all but certain to hold the funds rate at 3.50%-3.75%, putting the spotlight on the updated “dot plot” for any hawkish tilt from the committee, and on how Warsh frames inflation and the path for rates.
Speaking at the G7 summit in Evian, France, President Donald Trump cautioned that the proposed agreement to end the Middle East conflict is “not final” and that the U.S. could resume its military operation in Iran.
The S&P 500 added 0.1% to 7,515, while the Dow Jones Industrial Average rose 0.3% to 52,171, building on Tuesday’s record close.
The Nasdaq 100 gained 0.4% to 30,077, with strength in chips offsetting weakness in megacap communications names. The small-cap Russell 2000 led the major benchmarks, jumping 1.2% to 2,975, bringing it to a record high.
In commodities, West Texas Intermediate crude climbed 1.0% to around $76.79 a barrel, while Brent rose 0.8% to $79.60.
Gold firmed, with spot bullion near $4,365 an ounce, up about 0.8%.
Wednesday’s Performance In Major US Indices
Index
Last
% Change
S&P 500
7,515.44
+0.1%
Dow Jones
52,170.95
+0.3%
Nasdaq 100
30,077.35
+0.4%
Russell 2000
2,975.00
+1.2%
Updated by 12:30′ PM ET
According to the Benzinga Pro platform:
The Vanguard S&P 500 ETF (NYSE:VOO) edged up 0.1%.
The SPDR Dow Jones Industrial Average ETF Trust (NYSE:DIA) rose 0.3%.
The Invesco QQQ Trust (NASDAQ:
