STOCKS WOBBLE AS RATE-HIKE FEARS FADE, WITH APPLE ON DECK

Wall Street bracing for drop in revenue, potentially hefty pullback in iPhone sales in China

JNJ Jan 2025 150.000 put

OPR - OPR Delayed Price. Currency in USD

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7.10

0.00

(0.00%)

As of 03:12PM EDT. Market open.

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US STOCKS-S&P 500, Nasdaq end lower after Fed rate decision, Powell press conference
U.S. stocks closed mixed on Wednesday after the Federal Reserve left its key interest rate unchanged, as expected, and indicated that while its next move will likely be a rate cut, continued progress on inflation is not assured. The S&P 500 and the Nasdaq ended lower while the Dow Jones Industrial Average notched a modest gain.
The Telegraph
US not suffering from ‘stagflation’, says Fed chairman Jerome Powell
The US is not suffering from “stagflation” and is growing well despite stubborn inflation, Federal Reserve chairman Jerome Powell has said.