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<US> DJIA Leads Early Losses Down 200 Points as Market Awaits Fed Decision; Amazon.com, Inc. (AMZN.US) Up 1% Ahead of Results
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Federal Reserve Chair Jerome Powell will conclude his final policy meeting as chair on Wednesday, while the market is also awaiting quarterly results from several "Magnificent Seven" technology stocks due this week. The three major US stock indices traded lower on Wednesday. The DJIA opened up 21 points before turning lower, last down 212 points or 0.4%, marking the largest decline among the major indices. The S&P 500 opened down 7 points, while the Nasdaq opened down 57 points, with both indices maintaining similar losses in early trading. Alphabet Inc. (GOOG.US), Amazon.com, Inc. (AMZN.US), Meta Platforms, Inc. (META.US) and Microsoft Corporation (MSFT.US) will release quarterly results after the market closes. Amazon.com, Inc. rose 1%, while Microsoft Corporation fell 1%. Memory and storage hardware stocks surged. Seagate Technology Holdings PLC - Ordinary Shares (Ireland) (STX.US) reported fiscal third-quarter results far exceeding expectations, with nearly all of its production capacity for 2027 already sold out. Its share price soared 17%. Western Digital Corporation (WDC.US) gained 8%, while Micron Technology, Inc. (MU.US) advanced about 4%. Trading platform Robinhood Markets, Inc. (HOOD.US) fell about 12% after its first-quarter results missed expectations. (me/t) This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. Auto-translated by AI AASTOCKS Financial News |
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