"Stocks Retreat as Fed Decision Looms"

1 min read
Source: Yahoo Finance
"Stocks Retreat as Fed Decision Looms"
Photo: Yahoo Finance
TL;DR Summary

Stocks were mixed as investors awaited the Federal Reserve's policy decision, with the S&P 500 sliding and the Dow rising slightly, while the Nasdaq dropped due to Nvidia's AI updates. The Fed's two-day meeting is expected to maintain historic interest rates, with attention on potential future rate cuts. Bitcoin fell from its recent high, Unilever announced plans to spin off its ice cream business, and Nvidia's new AI chip impressed analysts. The debate continues on whether AI stocks are in a bubble.

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