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Wall Street's Uneasy Wait: Fed Decision & Big Tech Reports

New York, USAWednesday, January 29, 2025

On Wednesday, U. S. stock indexes are floating around as traders anxiously await the Federal Reserve’s interest rate call and results from major tech firms. The S&P 500 dipped slightly, while the Dow rose slightly. The Nasdaq, however, slipped a bit. This comes after a week of market shifts due to questions about the future of AI chip spending. Nvidia's stock, for instance, saw big swings following a competitor's announcement.

Microsoft, Meta, and Tesla are also under the spotlight as they prepare to share their latest numbers. The Fed's decision, expected later in the day, will reveal whether interest rates will stay steady, which could impact corporate profits and inflation in various ways. Meanwhile, some companies like Starbucks and T-Mobile have been shining brightly with better-than-expected results.

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