S&P 500 futures are little changed as investors weigh Fed outlook on rate hikes: Live updates
Publishing timestamp: 2023-03-22 18:26:14
Summary
U.S. equity futures were slightly higher on Wednesday evening as traders digested the latest policy update from the Federal Reserve. However, major averages tumbled in regular trading following the Fed's decision to raise rates by 25 basis points and hint that its inflation-fighting tightening campaign could be nearing an end. The drop in regional bank stocks and comments from Treasury Secretary Janet Yellen also weighed on the market. In earnings news, Steelcase and KB Home reported better than expected financial results, while Coinbase saw a drop in its stock price after receiving a Wells notice from the SEC.
Sentiment: MIXED
Tickers: SCS, .DJI, .IXIC, COIN, DRI, KBH, .SPX, GIS,
Keywords: investment strategy, breaking news: markets, markets, dow jones industrial average, stock markets, general mills inc, nasdaq composite, darden restaurants inc, s&p 500 index, united states, breaking news: major, business news,
Source: https://www.cnbc.com/2023/03/22/stock-market-today-live-updates.html