Stock futures flat as Wall Street awaits first Fed rate decision under new Chair Kevin Warsh
By
Lisa Kailai Han
2h ago· 3 min readenNews
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Summary
U.S. stock futures remained relatively flat on Tuesday night as Wall Street awaited the Federal Reserve's interest rate decision. The Dow Jones Industrial Average reached new intraday and closing highs, climbing 328.64 points (0.64%) and briefly crossing above 52,000 for the first time. However, the S&P 500 and Nasdaq Composite showed mixed performance. The upcoming FOMC decision marks the first with new Fed Chair Kevin Warsh at the helm.
Key quotes
· 3 pulledU.S. stock futures were little changed on Tuesday night as traders looked ahead to the central bank's interest rate decision.
The Dow climbed to new intraday and closing highs, ultimately gaining 328.64 points, or 0.64%.
The blue-chip index crossed over 52,000 for the first time during the trading session, but ultimately closed a hair below the level.
Wednesday's FOMC decision marks the first with new Fed Chair Kevin Warsh at the helm of the U.S. central bank.
