US stocks were a mixed bag on Wednesday as investors digested commentary from the Federal Reserve chair Jerome Powell after the central bank held interest rates steady at its latest policy meeting. The S&P 500 and the Nasdaq Composite fell more than 0.3%, while the Dow Jones Industrial Average rose 0.2%. All three indexes flipped from significant gains late in the volatile session.
" Those gains teetered off in the final hour of trading. Corporate earnings were in focus for investors, as well. Disappointing results from chipmaker AMD and server maker Super Micro Computer took the shine off hopes for an AI-fueled boost to the sector. AMD shares sank nearly 10% while Super Micro fell 14%. The news weighed more broadly on chipmakers like Nvidia , which closed down about 4%.
Source: News Formal (newsformal.com)
Nasdaq Composite Federal Reserve Policy Statement Fed Officials Dow Jones Industrial Average
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