The U.S. stock market remains largely quiet as Wall Street waits to hear from the Federal Reserve in the afternoon
The U.S. stock market remains largely quiet on Wednesday as Wall Street waits to hear what the Federal Reserve will say in the afternoon about where interest rates may be heading.
The S & P 500 slipped 0.1% but remains near its all-time high, which was set in October. The Dow Jones Industrial Average was up 118 points, or 0.2%, as of 10:45 a.m. Eastern time, and the Nasdaq composite was 0.4% lower.
Among the market’s big movers was GE Vernova, which flew 9.2% higher after the energy company raised its forecast for revenue by 2028, doubled its dividend and increased its program to buy back its own stock. Palantir Technologies added 1.7% after saying the U.S. Navy will use its artificial-intelligence technology as part of a $448 million program.
On the losing end of Wall Street was GameStop, which fell 6.
