U.S. Three Major Stock Indices Hit Record Highs, Oil Prices Fall
U.S. three major indices hit record highs Wednesday; NASDAQ & S&P 500 strong; Micron led gains; oil fell on US-Iran ceasefire hopes; market diverges on earnings and valuation outlook.
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U.S. three major indices hit record highs Wednesday; NASDAQ & S&P 500 strong; Micron led gains; oil fell on US-Iran ceasefire hopes; market diverges on earnings and valuation outlook.
The Fed's latest rate decision kept the benchmark rate at 3.5%-3.75%. The dot plot showed growing divergence among officials on a rate hike before end-2026. The policy statement also removed language about further adjustments to rates.