Reported 11 months ago
US stocks showed volatility on Tuesday as investors awaited the Federal Reserve meeting for interest rate clues. The S&P 500 and Nasdaq reached recent all-time highs, with Apple stocks surging over 6% to a record. Stock movements were influenced by uncertainty about the economy's temperature and forecasts of rate cuts. The two-day Fed meeting is predicted to maintain current borrowing costs, with possible rate cuts in September or November. Apple's spike was fueled by the announcement of its AI platform, Apple Intelligence.
Source: YAHOO