"Market Update: Dow Holds Strong, Tech Stocks Waver, Fed Meeting Impact"

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Source: Investor's Business Daily
"Market Update: Dow Holds Strong, Tech Stocks Waver, Fed Meeting Impact"
Photo: Investor's Business Daily
TL;DR Summary

Stocks showed mixed performance ahead of the Federal Reserve meeting, with major indexes gaining ground, while Super Micro Computer (SMCI) experienced a significant decline. Bitcoin's price fell, impacting related stocks, while investors awaited Federal Reserve Chairman Jerome Powell's policy speech for insights on potential interest rate cuts. Nvidia stock rose following the company's AI conference, while International Paper (IP) surged after announcing a CEO change. Nordstrom (JWN) saw a significant increase in its stock price amid reports of a potential privatization, while copper stocks pulled back after recent gains. StoneCo (STNE) and DLocal (DLO) experienced declines, while Tencent Music Entertainment (TME) and Macy's (M) made notable moves in the market.

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