Stock futures are flat as investors await key Fed policy decision: Live updates
Publishing timestamp: 2023-03-21 19:58:39
Summary
Stock futures were little changed as investors awaited the Federal Reserve's decision on interest rates. The Dow Jones Industrial Average, S&P 500, and Nasdaq Composite all rose for the second day in a row. Investors are looking for the Fed to stay committed to its tightening and raise rates by 25 basis points. Troubled bank First Republic Bank saw its shares fall after reports of downsizing options, while Nike's shares fell due to bloated inventory and lower-than-expected sales in China. Meme stock GameStop surged after reporting its first quarterly profit in two years.
Sentiment: MIXED
Tickers: GME, .DJI, .IXIC, FRC, .SPX, NKE,
Keywords: nasdaq composite, markets, breaking news: markets, united states, dow jones industrial average, stock markets, investment strategy, breaking news: major, s&p 500 index, business news,
Source: https://www.cnbc.com/2023/03/21/stock-market-today-live-updates.html