“Live Updates: S&P 500 Holds Steady as Traders Analyze Strong GDP Report and Anticipate Fed Decision”

Stocks had a quiet day as investors digested new earnings reports and awaited the Federal Reserve’s decision on interest rates. The S&P 500 climbed slightly by 0.1%, while the Nasdaq Composite increased by 0.2%. In contrast, the Dow Jones lost 17 points, or 0.1%.

The U.S. economy grew by 3% in the second quarter, higher than the expected 2.3%. This growth is encouraging, but investors remained focused on what the Fed will announce regarding interest rates. Now, there’s a nearly 98% chance the Fed will maintain its current rate between 4.25% and 4.5%.

Starbucks saw its shares rise by 5% due to better-than-expected revenue, signaling a positive shift in the company. On the flip side, Visa’s shares fell by 2%, despite reporting good quarterly results.

In addition to earnings, the uncertain outcome of trade talks with China looms over the market. Negotiations hit a snag recently, leaving the possibility of higher tariffs unclear. President Trump reaffirmed that his deadline for decisions on tariffs remains firm.

Investors are also eagerly waiting for earnings reports from major companies like Meta and Microsoft later today.

As the Fed meeting draws near, economic expert Jerry Tempelman shared insights. He noted that, despite political pressure for changes in interest rates, Fed Chair Jerome Powell is likely to stay patient. Many experts believe no significant shifts in monetary policy will occur until at least September.

This moment is crucial. The fed’s decisions today could shape market dynamics for the coming months. Stay tuned for further updates.



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