The S&P 500 and the Nasdaq Composite rose to records on Tuesday, boosted by Apple.
Stock futures oscillated near the flatline Tuesday night as investors awaited the Federal Reserve's interest rate decision and May's consumer inflation data.During Tuesday's trading, investors' rotation into Apple helped lift the S&P 500 and the Nasdaq Composite to fresh closing highs. The iPhone maker announced its push intoat its developer conference this week, fueling a rally in the stock. The Dow was the outlier of the three major averages, losing 0.31%.
Investors are looking to Wednesday's conclusion of the Fed's two-day policy meeting, which will feature an rate policy decision and a subsequent press conference with Fed Chair Jerome Powell. While the market's pricing indicate that the Fed will maintain its benchmark overnight borrowing rate in a range between 5.25%-5.5%, the marketto their Summary of Economic Projections, which could clarify the path for policy. Investors have grown increasingly concerned that the recent strong jobs report and sticky inflation support a higher-for-longer interest rate environment.
8 suspected terrorists with possible ISIS ties arrested in New York, LA and Philadelphia, sources say May's consumer price index print, a broad measure of goods and services costs, will also be released on Wednesday morning. The report is
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Stock futures slip as traders look ahead to Fed decision, inflation data: Live updatesWall Street is coming off a positive week for the major averages, with the S&P 500 having touched a record intraday high on Friday.
Read more »
Stock futures are little changed as traders look ahead to Fed decision, inflation data: Live updatesWall Street is coming off a positive week for the major averages, with the S&P 500 having touched a record intraday high on Friday.
Read more »
Stock futures are little changed as traders look ahead to Fed decision, inflation data: Live updatesWall Street is coming off a positive week for the major averages, with the S&P 500 having touched a record intraday high on Friday.
Read more »
Stock futures slip as investors gear up for start of Fed policy meeting: Live updatesThe moves come after a muted but important day on the Street.
Read more »
Stock Market Today: S&P 500, Nasdaq clinch fresh records on Apple rally; Fed eyedStock Market Today: S&P 500, Nasdaq clinch fresh records on Apple rally; Fed eyed
Read more »
U.S. stock futures edge lower; Fed meeting, CPI data in focusU.S. stock futures edge lower; Fed meeting, CPI data in focus
Read more »