"The markets are playing it cautious on this Fed decision day in which an interest rate cut of 25 basis points is widely expected. With the markets hovering near record levels, whether or not that likely jolt has been priced into the stock market already remains to be seen. An accommodative Fed would mark the third interest rate cut of 2025. The markets will be listening for Fed official tone to determine whether the current rate cut path could hit a snag in 2026."
"All three of the major stock market averages are trading modestly lower, weighed down by a 2.6% drop in the likes of Microsoft ( Nasdaq: MSFT) today. Intel ( Nasdaq: INTC) is losing 2.5% on the heels of its recent run-up. Here's a look at where things stand as of morning trading: Dow Jones Industrial Average: 47,476.46 Down 75.13 (-0.16%) Nasdaq Composite: 25,507.37 Down 58.31 (-0.25%) S&P 500: 6,836.84 Down 4.45 (-0.07%)"
Markets are trading cautiously ahead of a widely expected 25-basis-point Federal Reserve interest rate cut, which would be the third cut of 2025. Market participants remain uncertain whether the expected cut has already been priced into elevated equity valuations and will monitor Fed officials' tone for signs of 2026 policy changes. Major indexes are modestly lower, with Microsoft and Intel leading declines. Corporate developments include Adobe integrating apps into ChatGPT, Walmart exploring 3D-printed buildings, Amazon planning $35 billion in India investment, Google increasing AI capex in India, and mixed moves in DoorDash and Chewy stock following earnings.
Read at 24/7 Wall St.
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