FED Meeting Live | Dow Jones | US Stock Market Live: US market futures climb higher ahead of Fed decision; chip stocks wobble
Fed Meeting Today Live Updates | US Stock Market Live: Wall Street ended sharply lower on Wednesday after the Federal Reserve held interest rates steady, with AI-related chip stocks adding to recent declines ahead of quarterly reports from Microsoft and Meta Platforms.
U.S. Treasury yields were on track to snap a three-day run of declines on Wednesday after crude oil prices surged, as major fighting in the Iran war resumed and stoked inflation worries ahead of a Federal Reserve policy meeting later in the day. The yield on the benchmark U.S. 10-year Treasury note gained 2.1 basis points to 4.625% after climbing to 4.6387%.
Oil prices are back to jumping on Wednesday, while the U.S. stock market is holding relatively steady ahead of a Federal Reserve decision on what to do with interest rates. Brent futures were up $5.70, or 6.8%, at $89.79 a barrel by 1335 GMT. U.S. West Texas Intermediate (WTI) crude gained $4.94, or 6.2%, to $84.20 a barrel.
