September S&P 500 futures (ESU23) are down -0.13%, and September Nasdaq 100 E-Mini futures (NQU23) are down -0.33% this morning as market participants looked ahead to the Federal Reserve’s interest rate decision due later in the day.
In Tuesday’s trading session, the benchmark S&P 500 rose to a 15-1/2 month high, and the blue-chip Dow posted a 17-1/2 month high. 3M Company (MMM) climbed over +5% and was the top percentage gainer on the Dow after the industrial conglomerate posted upbeat Q2 results and raised its FY23 adjusted EPS guidance. Also, General Electric Company (GE) soared more than +6% after the company reported stronger-than-expected Q2 results and boosted its annual guidance. On the bearish side, General Motors Company (GM) fell over -3% after the company reported better-than-expected Q2 results but said it would bring back the Chevy Bolt EV amid cost-cutting pressures.
