Traders work on the floor of the New York Stock Exchange. <\/p>\n
NYSE<\/p>\n
U.S. stock futures rose early Wednesday as traders looked ahead to the central bank’s interest rate decision.<\/p>\n
S&P 500 futures<\/a> were 0.26% higher, while Nasdaq 100 futures<\/a> added 0.52%. Futures tied to the Dow Jones Industrial Average<\/a> were up just 41 points, or about 0.1%.<\/p>\n During the day’s regular session, the Dow<\/a> climbed to new intraday and closing highs, ultimately gaining 328.64 points, or 0.64%. The blue-chip index crossed over 52,000 for the first time during the trading session, but ultimately closed a hair below the level. On the other hand, the S&P 500<\/a> and Nasdaq Composite<\/a> shed 0.57% and 1.15%, respectively.<\/p>\n SpaceX<\/a> shares continued their winning ways, closing up more than 4% in Tuesday’s session. Elon Musk’s space company is up almost 50% from its initial public offering price of $135 a share. The stock extended gains in after-hours trading, last up 2%.<\/p>\n In Asia, Japan’s\u00a0Nikkei 225<\/a>\u00a0hit a new high, rising 0.91%, while the Topix gained 0.91%. South Korea’s Kospi<\/a>\u00a0added 0.42% and the small-cap Kosdaq advanced 1.49%. Australia’s benchmark\u00a0S&P\/ASX 200<\/a>\u00a0was 0.58% higher. Hong Kong\u00a0Hang Seng Index<\/a>\u00a0slipped 0.37%, while mainland China’s CSI 300 was marginally higher. <\/p>\n The moves came after all three major averages rose on Monday, following an announcement from President Donald Trump<\/a> that the U.S. and Iran had reached a potential deal<\/a> to end the war. Pakistani Prime Minister Shehbaz Sharif said that both sides have terminated their military operations<\/a>, while an official signing ceremony will take place in Switzerland this Friday.<\/p>\n “I think we’re in pretty good shape here for a solid finish to the quarter, and then, as we go into the second half, color us constructive,” said Scott Chronert, head of U.S. equity strategy at Citi Research, on CNBC’s “Closing Bell: Overtime<\/a>” on Tuesday afternoon. <\/p>\n The strategist said that he still expects leadership out of the artificial intelligence infrastructure cohort going into the second quarter reporting period. “With oil prices beginning to come off here as we get closer to an Iran conflict resolution, I think we can see the Fed moving to the sidelines,” he said. <\/p>\n “What this ultimately does is extend the broadening playbook, which has been underway for the past month or so, all of which gives us, in our view, a path higher as we go into the back half of the year,” Chronert said.<\/p>\n Wednesday’s Federal Open Market Committee meeting marks the first one with new Chairman Kevin Warsh<\/a> at the helm of the U.S. central bank. Investors are largely expecting that the Fed will keep interest rates unchanged at a target range of 3.5% to 3.75%. However, most Wall Street Fed watchers anticipate that Warsh won’t submit a “dot” <\/a>to the FOMC’s quarterly update of where individual officers expect rates to head from here.<\/p>\n CarMax<\/a> and Jabil<\/a> are set to report earnings before Wednesday’s opening bell. Traders will also watch out for May’s retail and pending home sales readings.<\/p>\n","protected":false},"excerpt":{"rendered":"Traders work on the floor of the New York Stock Exchange. NYSE U.S. stock futures rose early Wednesday…\n","protected":false},"author":3,"featured_media":872813,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_share_on_mastodon":"0"},"categories":[6],"tags":[133,64,81,17988,77,69,91320,144,83,69386,170,75621,135,91322,143,91321,145,59001,134,16285,67,132,68],"class_list":["post-872812","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-breaking-news-markets","tag-business","tag-business-news","tag-carmax-inc","tag-donald-j-trump","tag-donald-trump","tag-dow-jones-fut-sep25","tag-dow-jones-industrial-average","tag-iran","tag-jabil-inc","tag-japan","tag-kevin-warsh","tag-markets","tag-nasdaq-100-fut-sep25","tag-nasdaq-composite","tag-sp-500-fut-sep25","tag-sp-500-index","tag-space-exploration-technologies-corp","tag-stock-markets","tag-suppress-zephr","tag-united-states","tag-unitedstates","tag-us"],"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@us\/116763777338252849","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/872812","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/comments?post=872812"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/872812\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media\/872813"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media?parent=872812"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/categories?post=872812"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/tags?post=872812"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}