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Nasdaq, S&P 500 climb ahead of keenly awaited Fed decision
The Nasdaq Composite and the S&P 500 edged higher following a two-day slide, as lower oil prices offered some relief during a tense wait for the Federal Reserve’s interest rate decision on Wednesday. Energy stocks fell, while technology shares were mixed. Nvidia and Apple were up marginally. The rate move, scheduled to be announced at 2 p.m. ET, will be crucial to investor sentiment at a time when elevated Treasury yields, inflation and the escalating Middle East conflict have kept risk appetite in check. Investors are also expected to focus on Fed Chair Kevin Warsh’s remarks for clues on ...
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