"US Stock Market Wavers as Fed Decision Looms"

US stocks wavered in afternoon trading as investors weighed fresh consumer confidence data ahead of the Federal Reserve's upcoming policy decision. The benchmark S&P 500 jumped 0.3% while the Dow Jones Industrial Average and tech-heavy Nasdaq Composite each reversed earlier losses to climb roughly 0.1%. Bonds rallied after the US Treasury cut its estimate of how much the government would need to borrow in the fourth quarter, easing some pressure on stocks. The World Bank warned that the war between Israel and Hamas, coupled with the ongoing conflict in Ukraine, could greatly disrupt the global oil supply and drive prices up by as much as 75%.