The S&P 500 Index ($SPX) (SPY) Wednesday closed up +0.43%, the Dow Jones Industrials Index ($DOWI) (DIA) closed up +0.70%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed up +0.39%. June E-mini S&P futures (ESM25) are up +0.36%, and June E-mini Nasdaq futures (NQM25) are up +0.40%.
Stock indexes settled moderately higher on Wednesday in volatile trade. Stocks whipsawed lower and higher after the FOMC kept interest rates unchanged, as expected. However, an afternoon rally in chip makers lifted the broader market into the close after Bloomberg reported that the Trump administration plans to rescind Biden-era AI chip curbs as part of a wider effort to revise semiconductor trade restrictions.
