The S&P 500 Index ($SPX) (SPY) today is up +0.55%, the Dow Jones Industrials Index ($DOWI) (DIA) is up +0.54%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up +0.64%. March E-mini S&P futures (ESH25) are up +0.47%, and March E-mini Nasdaq futures (NQH25) are up +0.53%.
Stock indexes today are moderately higher ahead of the results of today’s FOMC meeting. A rebound in the Magnificent Seven stocks today from Tuesday’s selloff supports gains in the broader market. Tesla is up more than +2% after California approved the company to begin carrying passengers in its vehicles in a step toward ride-hailing services. Also, Nvidia is up more than +1% after CEO Huang, at an AI conference, unveiled more powerful chips and related technology that he said would provide a clearer payoff to customers.
