Dow Poised to Rise Before Federal Reserve Rate Announcement
Stocks opened lower on Wednesday as oil prices jumped. The weakness showed early in the session.
Index moves
| Index | Change | Percent |
|---|---|---|
| Dow Jones Industrial Average | -150 points | -0.3% |
| S&P 500 | – | -0.3% |
| Nasdaq Composite | – | -0.3% |
Oil surge
West Texas Intermediate crude reversed an early decline. Futures jumped 2.1% to trade at $92.23 a barrel.
Geopolitical comments
President Donald Trump posted on Truth Social about Iran. He suggested dismantling what he called the “Iranian Terror State” and urged regional partners to take responsibility for the Strait.
Market outlook
Traders watched the calendar for an upcoming Federal Reserve decision. Some participants said the Dow seemed poised to rise ahead of the Federal Reserve rate announcement.
Filmogaz.com will follow market reactions and report any major developments through the trading day.
