Markets drift as Fed hikes rates and oil climbs amid AI fears
TL;DR Summary
U.S. stocks were largely flat on Friday after the Fed’s first rate hike in three years, with the Nasdaq up about 0.4%, the S&P 500 roughly 0.1% higher, and the Dow easing about 0.2%. Oil prices edged higher near $100 a barrel as Middle East tensions persist, as traders weigh inflation, central-bank policy, and ongoing AI-related fears.
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