Stock Market Today: Dow Futures Tumble, S&P 500, Nasdaq Gains As Investors Await FOMC Decision— Amkor, La-Z-Boy In Focus (UPDATED)
(Editor’s note: The future prices of benchmark tracking ETFs and the headline were updated in the story.)
U.S. stock futures were mixed on Wednesday, as the Dow Jones fell, while the Nasdaq 100 and S&P 500 advanced, following Tuesday’s mixed close.
U.S. retail and food services sales outpaced expectations in May, climbing 0.9% to a seasonally adjusted $763.7 billion, according to Census Bureau data released Wednesday. The solid gain—up from a revised 0.4% increase in April—signals highly resilient consumer demand heading into the summer months, providing a fresh injection of optimism for economic growth.
Investors are also waiting for the Federal Open Market Committee decision on interest rates, slated to be announced during the afternoon, with Kevin Warsh as the new Fed Chairman. The CME
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