ET opening bell on Tuesday:ĭow Jones Industrial Average: 35,384.65, down 0.08% (26.59 points) Here's where US indexes stood shortly after the 9:30 a.m.
That's as a soft landing narrative has gained momentum, helping the Dow Jones Industrial Average score its 11th straight winning session on Monday. A strong majority of investors expect that the central bank will raise rates by 25 basis-points, with most also believing that this will mark the final hike of the cycle. The Fed on on Wednesday will wrap up its July meeting of the Federal Open Market Committee, which will determine the path of interest rates. Investors are eagerly looking for signs that this year's rally in the stock market can continue, and will be looking for strong guidance particularly from tech on continued enthusiasm for artificial intelligence. The Dow Jones Industrial Average risked breaking an 11-day winning streak.Īlphabet and Microsoft are scheduled to report results after the closing bell, while Meta will follow on Wednesday. US stocks traded mixed on Tuesday morning as investors prepared for a week of Big Tech earnings, while gearing for the start of the Federal Reserve's July meeting. Meanwhile, Alphabet and Microsoft will report their earnings on Tuesday. Investors are widely expecting the central bank to raise interest rates by 25 basis points. US stocks were mixed on Tuesday as the Fed kicked off its two-day policy meeting. US Federal Reserve Chair Jerome Powell attends a press conference in Washington, DC, on March 22, 2023.
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