ASML stock rises after fourth-quarter bookings at the Dutch semiconductor equipment maker top analysts’ forecasts, T-Mobile smashes profit expectations, and Wall Street awaits quarterly earnings Wednesday from Tesla,
Nvidia (NASDAQ: NVDA) stock fell 1.3%, a day after the chipmaker rallied to recover some of Monday’s steep losses suffered on Monday. Week to date, the stock is down more than 9% after the DeepSeek-sparked sell-off to start the week.
NASDAQ is losing ground as traders sell tech stocks. NVIDIA is the worst performer in the NASDAQ index today. Starbucks, which was up by 8.2%, was the biggest gainer in the index. The stock rallied as traders reacted to the better-than-expected earnings report.
U.S. stocks slipped after the Federal Reserve held its main interest rate steady and broke a run of cuts that began in September
Fed rate decision, stock market updates: Dow, Nasdaq, S&P 500 slip, Nvidia falls as Fed leaves rates unchanged Tech stocks led markets lower on Wednesday as the broader mood stayed muted after the Federal Reserve's latest interest rate decision saw the central bank keep rates unchanged in a range of 4.25%-4.5%.
U.S. equities were mostly lower at midday as the market waited for the latest comments from the Federal Reserve about the future of interest rates, which are coming later today. The Dow Jones Industrial Average was little changed, while the S&P 500 and Nasdaq fell.
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Asian shares are mixed in muted trading after the U.S. Federal Reserve opted not to cut interest rates for the first time since it began trying to help the economy through lower rates in September.
Meta Platforms, Tesla and most other U.S. stocks are rising Thursday following a rush of profit reports from some of the country’s most influential companies.