"US Stocks Hold Steady as Investors Anticipate Final 2023 Fed Decision"

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Source: Yahoo Finance
"US Stocks Hold Steady as Investors Anticipate Final 2023 Fed Decision"
Photo: Yahoo Finance
TL;DR Summary

US stocks traded slightly higher as investors awaited the Federal Reserve's final interest rate decision of the year. The S&P 500 and Nasdaq Composite rose about 0.2%, while the Dow Jones Industrial Average hovered near the flatline. The focus is on whether the Fed believes it has done enough to dampen inflation and if rate cuts could come sooner than expected. In other news, Tesla shares fell over 3% after the company recalled over 2 million cars due to an Autopilot safety flaw, and Pfizer stock dropped after cutting its guidance for 2024 earnings.

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