Fed Meeting Today: SpaceX Drops as Investors Await Warsh's First Rate Decision
U.S. stocks are mixed ahead of the Federal Reserve’s rate decision, with the Dow reaching a record high while oil prices slide. SpaceX stock has fallen as investors focus on Fed Chair Kevin Warsh’s first policy announcement. Tech stocks remain under pressure, and futures are little changed. The Fed’s dot plot and inflation signals will be key watchpoints.
What changed
SpaceX stock has declined today, reversing earlier gains tied to its Cursor deal, while the Dow has hit a record high amid falling oil prices.
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Dow Hits Record High as SpaceX Drops Ahead of Warsh’s First Fed Rate Decision
confidence 97%U.S. stocks are mixed ahead of the Federal Reserve’s rate decision, with the Dow reaching a record high while oil prices slide. SpaceX stock has fallen as investors focus on Fed Chair Kevin Warsh’s first policy announcement. Tech stocks remain under pressure, and futures are little changed. The Fed’s dot plot and inflation signals will be key watchpoints.
What's confirmed:
- The Dow Jones Industrial Average has reached a record high as oil prices continue to slide further.
- Stock futures are showing little movement as Wall Street prepares for the Federal Reserve’s rate decision, with traders focused on Fed Chair Kevin Warsh’s first policy announcement.
- SpaceX stock has dropped today, reversing earlier gains linked to its Cursor deal, as investors shift focus to the Fed’s decision.
- Today’s FOMC meeting marks the first with Kevin Warsh as Federal Reserve Chairman, including his debut press conference.
- U.S. stocks opened higher Wednesday as investors await the Fed’s decision and Warsh’s press conference.
- The Nasdaq 100 and S&P 500 have slipped ahead of the Fed’s rate decision, while the Dow has risen.
Still unconfirmed:
- Markets are increasingly convinced the Fed will not raise rates in 2026, with attention shifting to future policy moves under Warsh’s leadership.