Stock market today: Dow, S&P 500, Nasdaq rise as Fed holds rates steady, Big Tech results loom
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Diverging Reports Breakdown
Stock market today: Dow, S&P 500, Nasdaq mixed as Fed holds rates, Powell says ‘no decisions’ on September
The Dow Jones Industrial Average (^DJI) fell about 0.4%, while the S&P 500 (^GSPC) trimmed earlier losses to close down 0.1%. The tech-heavy Nasdaq Composite (^IXIC) rose 0.2%. The Fed kept rates unchanged on Wednesday, though it was not a unanimous decision. Fed Governors Christopher Waller and Michelle Bowman voted against the decision, preferring the Fed cut interest rates by a quarter of a percentage point. The rosier economic data prompted Trump to again call on the Fed to lower rates.
The Dow Jones Industrial Average (^DJI) fell about 0.4%, while the S&P 500 (^GSPC) trimmed earlier losses to close down 0.1%. The tech-heavy Nasdaq Composite (^IXIC) rose 0.2%.
The Fed kept rates unchanged on Wednesday, though it was not a unanimous decision. Fed Governors Christopher Waller and Michelle Bowman voted against the decision, preferring the Fed cut interest rates by a quarter of a percentage point.
During Wednesday’s press conference Powell noted it is still the “early days” of any potential tariff impacts on economic data and said “no decisions” had been made yet about a September rate cut. He didn’t explicitly say the Fed’s next monetary policy move will be a reduction.
The Fed — and markets — received key signals on the US economy’s health early Wednesday. US GDP grew at a 3% annual rate in the second quarter, rebounding from its first pullback in three years in Q1. Meanwhile, US private employers added more jobs than expected in July, with private payrolls also returning to growth after a surprise pullback in June.
The rosier economic data prompted Trump to again call on the Fed to lower rates. “‘Too Late’ must now lower the rate,” he wrote on social media hours before the central bank was set to release its policy statement.
Investors also fielded a further flood of earnings from major companies, with Humana (HUM), and Kraft Heinz (KHC) getting a positive reception before the bell.
Read more: Full earnings coverage in our live blog
Wall Street is looking to after-hours reports from Microsoft and Meta to help rejuvenate markets. Both tech giants are contending with growing scrutiny over whether their eye-popping AI investments are paying off.
Looming ahead is Trump’s Friday deadline for trade partners to strike deals with the US or face blanket tariff rates. Trump said goods from India would face a 25% tariff from Friday, as talks apparently stall between the countries.
Read more: The latest on Trump’s tariffs
US-China trade talks wrapped up on Tuesday without an extension of the current tariff pause between the two, but Treasury Secretary Scott Bessent said Trump would make a “final call” on the matter soon.
LIVE
26 updates
Stock market today: Dow, S&P 500, Nasdaq mixed as Fed holds rates, Powell says ‘no decisions’ on September
The Dow Jones Industrial Average (^DJI) fell about 0.4%, while the S&P 500 (^GSPC) trimmed earlier losses to close down 0.1%. The tech-heavy Nasdaq Composite (^IXIC) rose 0.2%. The Fed kept rates unchanged on Wednesday, though it was not a unanimous decision. Fed Governors Christopher Waller and Michelle Bowman voted against the decision, preferring the Fed cut interest rates by a quarter of a percentage point. The rosier economic data prompted Trump to again call on the Fed to lower rates.
The Dow Jones Industrial Average (^DJI) fell about 0.4%, while the S&P 500 (^GSPC) trimmed earlier losses to close down 0.1%. The tech-heavy Nasdaq Composite (^IXIC) rose 0.2%.
The Fed kept rates unchanged on Wednesday, though it was not a unanimous decision. Fed Governors Christopher Waller and Michelle Bowman voted against the decision, preferring the Fed cut interest rates by a quarter of a percentage point.
During Wednesday’s press conference Powell noted it is still the “early days” of any potential tariff impacts on economic data and said “no decisions” had been made yet about a September rate cut. He didn’t explicitly say the Fed’s next monetary policy move will be a reduction.
The Fed — and markets — received key signals on the US economy’s health early Wednesday. US GDP grew at a 3% annual rate in the second quarter, rebounding from its first pullback in three years in Q1. Meanwhile, US private employers added more jobs than expected in July, with private payrolls also returning to growth after a surprise pullback in June.
The rosier economic data prompted Trump to again call on the Fed to lower rates. “‘Too Late’ must now lower the rate,” he wrote on social media hours before the central bank was set to release its policy statement.
Investors also fielded a further flood of earnings from major companies, with Humana (HUM), and Kraft Heinz (KHC) getting a positive reception before the bell.
Read more: Full earnings coverage in our live blog
Wall Street is looking to after-hours reports from Microsoft and Meta to help rejuvenate markets. Both tech giants are contending with growing scrutiny over whether their eye-popping AI investments are paying off.
Looming ahead is Trump’s Friday deadline for trade partners to strike deals with the US or face blanket tariff rates. Trump said goods from India would face a 25% tariff from Friday, as talks apparently stall between the countries.
Read more: The latest on Trump’s tariffs
US-China trade talks wrapped up on Tuesday without an extension of the current tariff pause between the two, but Treasury Secretary Scott Bessent said Trump would make a “final call” on the matter soon.
LIVE
26 updates
Stock market today: Dow, S&P 500, Nasdaq mixed as Fed holds rates, Powell says ‘no decisions’ on September
The Dow Jones Industrial Average (^DJI) fell about 0.4%, while the S&P 500 (^GSPC) trimmed earlier losses to close down 0.1%. The tech-heavy Nasdaq Composite (^IXIC) rose 0.2%. The Fed kept rates unchanged on Wednesday, though it was not a unanimous decision. Fed Governors Christopher Waller and Michelle Bowman voted against the decision, preferring the Fed cut interest rates by a quarter of a percentage point. The rosier economic data prompted Trump to again call on the Fed to lower rates.
The Dow Jones Industrial Average (^DJI) fell about 0.4%, while the S&P 500 (^GSPC) trimmed earlier losses to close down 0.1%. The tech-heavy Nasdaq Composite (^IXIC) rose 0.2%.
The Fed kept rates unchanged on Wednesday, though it was not a unanimous decision. Fed Governors Christopher Waller and Michelle Bowman voted against the decision, preferring the Fed cut interest rates by a quarter of a percentage point.
During Wednesday’s press conference Powell noted it is still the “early days” of any potential tariff impacts on economic data and said “no decisions” had been made yet about a September rate cut. He didn’t explicitly say the Fed’s next monetary policy move will be a reduction.
The Fed — and markets — received key signals on the US economy’s health early Wednesday. US GDP grew at a 3% annual rate in the second quarter, rebounding from its first pullback in three years in Q1. Meanwhile, US private employers added more jobs than expected in July, with private payrolls also returning to growth after a surprise pullback in June.
The rosier economic data prompted Trump to again call on the Fed to lower rates. “‘Too Late’ must now lower the rate,” he wrote on social media hours before the central bank was set to release its policy statement.
Investors also fielded a further flood of earnings from major companies, with Humana (HUM), and Kraft Heinz (KHC) getting a positive reception before the bell.
Read more: Full earnings coverage in our live blog
Wall Street is looking to after-hours reports from Microsoft and Meta to help rejuvenate markets. Both tech giants are contending with growing scrutiny over whether their eye-popping AI investments are paying off.
Looming ahead is Trump’s Friday deadline for trade partners to strike deals with the US or face blanket tariff rates. Trump said goods from India would face a 25% tariff from Friday, as talks apparently stall between the countries.
Read more: The latest on Trump’s tariffs
US-China trade talks wrapped up on Tuesday without an extension of the current tariff pause between the two, but Treasury Secretary Scott Bessent said Trump would make a “final call” on the matter soon.
LIVE
26 updates
Stock market today: Dow, S&P 500, Nasdaq mixed as Fed holds rates, Powell says ‘no decisions’ on September
The Dow Jones Industrial Average (^DJI) fell about 0.4%, while the S&P 500 (^GSPC) trimmed earlier losses to close down 0.1%. The tech-heavy Nasdaq Composite (^IXIC) rose 0.2%. The Fed kept rates unchanged on Wednesday, though it was not a unanimous decision. Fed Governors Christopher Waller and Michelle Bowman voted against the decision, preferring the Fed cut interest rates by a quarter of a percentage point. The rosier economic data prompted Trump to again call on the Fed to lower rates.
The Dow Jones Industrial Average (^DJI) fell about 0.4%, while the S&P 500 (^GSPC) trimmed earlier losses to close down 0.1%. The tech-heavy Nasdaq Composite (^IXIC) rose 0.2%.
The Fed kept rates unchanged on Wednesday, though it was not a unanimous decision. Fed Governors Christopher Waller and Michelle Bowman voted against the decision, preferring the Fed cut interest rates by a quarter of a percentage point.
During Wednesday’s press conference Powell noted it is still the “early days” of any potential tariff impacts on economic data and said “no decisions” had been made yet about a September rate cut. He didn’t explicitly say the Fed’s next monetary policy move will be a reduction.
The Fed — and markets — received key signals on the US economy’s health early Wednesday. US GDP grew at a 3% annual rate in the second quarter, rebounding from its first pullback in three years in Q1. Meanwhile, US private employers added more jobs than expected in July, with private payrolls also returning to growth after a surprise pullback in June.
The rosier economic data prompted Trump to again call on the Fed to lower rates. “‘Too Late’ must now lower the rate,” he wrote on social media hours before the central bank was set to release its policy statement.
Investors also fielded a further flood of earnings from major companies, with Humana (HUM), and Kraft Heinz (KHC) getting a positive reception before the bell.
Read more: Full earnings coverage in our live blog
Wall Street is looking to after-hours reports from Microsoft and Meta to help rejuvenate markets. Both tech giants are contending with growing scrutiny over whether their eye-popping AI investments are paying off.
Looming ahead is Trump’s Friday deadline for trade partners to strike deals with the US or face blanket tariff rates. Trump said goods from India would face a 25% tariff from Friday, as talks apparently stall between the countries.
Read more: The latest on Trump’s tariffs
US-China trade talks wrapped up on Tuesday without an extension of the current tariff pause between the two, but Treasury Secretary Scott Bessent said Trump would make a “final call” on the matter soon.
LIVE
26 updates