Nasdaq 100: Apple, Nvidia Drag Tech Shares as Fed Resolution Looms…

The communications providers sector additionally posted positive aspects, with the SPDR S&P Communications Companies Fund (XLC) rising zero.5% for its eighth consecutive profitable session. T-Cellular jumped eight%, hitting its highest degree since Could 2021, whereas Fox climbed 1.four% to a brand new all-time excessive. Warner Bros. Discovery, AT&T, and Netflix additionally posted positive aspects.

What’s Subsequent for the Market?

With simply hours till the Fed’s determination, market exercise could stay subdued as merchants await Powell’s commentary. Earnings from main tech corporations, together with Microsoft, Meta Platforms, and Tesla, are additionally set for launch after the closing bell, including one other potential catalyst for volatility.

Because the Fed announcement nears and inflation knowledge looms on Friday, buyers shall be watching intently for any shifts in coverage expectations that might drive the following market transfer.

Extra Data in our Financial Calendar.