The stock market is starting off lower as all major indexes retract from previous gains, with the S&P 500 at risk of entering correction territory. Key factors influencing market behavior include the Federal Reserve's upcoming interest rate decisions and significant corporate activity, such as Nvidia's upcoming CEO address and Google's $32 billion acquisition of Wiz, a cloud-security firm. Consumer discretionary and technology sectors are notably under pressure, with Tesla facing significant losses. Market analysts maintain a cautious outlook amidst fluctuating performances.
The markets are jittery out of the gate today, with all three of the major stock market indexes starting moving lower.
The Federal Reserve kicks off its two-day meeting as the markets anxiously await the fate of short-term interest rates.
Nvidia is down a sharp 2.5% ahead of CEO Jensen Huang's keynote address at the company's GTC 2025 event.
Google parent company Alphabet is moving today after the search giant confirmed its major acquisition of Wiz, a cloud-security firm.
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