US Stocks Inch Higher Ahead of Fed

2026-06-17 13:39 By Andre Joaquim 1 min. read

US stock indices were mostly higher on Wednesday amid a rebound for chip stocks ahead of the Federal Reserve's likely hold during the session.

The S&P 500 was flat and the Dow held at its record of 52,000, while the Nasdaq gained 0.3%.

Iran and the US remained on track to sign their agreement by Friday, which will restore the export of energy from all countries in the Persian Gulf and remove sanctions on Iran, softening concerns of energy-drive inflation.

The Fed is due to holds rate but should unveil hints on its outlook with a fresh SEP, and Chairman Warsh could unveil timelines on framework changes he previously called for.

Nvidia edged higher and SpaceX gained for its fourth session since its IPO with support from the acquisition of Cursor.

Marvell and AMD rose more than 2%, while Intel gained 2% as its new chip reached risk production.



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The Dow Jones Index Opens 0.11% Higher
The Dow Jones Index is gaining 56 points or 0.11 percent on Wednesday. Leading the gains are Caterpillar (1.95%), JPMorgan (1.21%) and American Express (1.02%). Top losers are Salesforce (-2.39%), IBM (-2.04%) and Microsoft (-1.61%).
2026-06-17
US Stocks Inch Higher Ahead of Fed
US stock indices were mostly higher on Wednesday amid a rebound for chip stocks ahead of the Federal Reserve's likely hold during the session. The S&P 500 was flat and the Dow held at its record of 52,000, while the Nasdaq gained 0.3%. Iran and the US remained on track to sign their agreement by Friday, which will restore the export of energy from all countries in the Persian Gulf and remove sanctions on Iran, softening concerns of energy-drive inflation. The Fed is due to holds rate but should unveil hints on its outlook with a fresh SEP, and Chairman Warsh could unveil timelines on framework changes he previously called for. Nvidia edged higher and SpaceX gained for its fourth session since its IPO with support from the acquisition of Cursor. Marvell and AMD rose more than 2%, while Intel gained 2% as its new chip reached risk production.
2026-06-17
US Futures Inch Mostly Higher
US equity futures were mostly higher on Wednesday amid a rebound for the AI infrastructure sector ahead of the Federal Reserve's decision during the session. Contracts attached to the S&P 500 and Nasdaq were slightly higher to rebound from losses last session, while those for the Dow were flat to hold above the record of 52,000. Iran and the US remained on track to sign their agreement to end the war by Friday, which will reportedly restore the export of energy from all countries in the Persian Gulf, softening concerns of energy-drive inflation. The Fed is due to hold its rates unchanged but clues on its outlook will be shared. Besides a new SEP, Chairman Warsh will be asked about potential changes to the monetary framework and ques on balance sheet reduction previously supported. Amazon and Nvidia edged higher premarket while Marvell, and AMD added more than 2% premarket. Intel jumped 3% as its new chip reached risk production.
2026-06-17