CarMax delivered better-than-expected quarterly results, but the stock still sank.
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Wall Street eyed the odds of Hormuz reopening after the interim US-Iran peace deal went into effect, and weighed signs the Fed is starting to lean toward a rate hike.
Wall Street eyed the odds of Hormuz reopening after the interim US-Iran peace deal went into effect, and weighed signs the Fed is starting to lean toward a rate hike.
Wall Street eyed the odds of Hormuz reopening after the interim US-Iran peace deal went into effect, and weighed signs the Fed is starting to lean toward a rate hike.
US stock futures edged up as Wall Street digested the interim peace deal between the US and Iran as well as the latest Federal Reserve decision on interest rates.

<body><p>STORY: U.S. stocks ended lower on Wednesday, as the Dow dropped about 1%, the S&P 500 shed 1.2% and the Nasdaq slid about one-and-a-third percent. </p><p>Kevin Warsh held his first press conference as Federal Reserve Chair on Wednesday after the central bank wrapped its June policy meeting. The Fed left interest rates unchanged, as expected, but new projections showed nine central bank officials expect at least one rate hike by the end of 2026. </p><p>Warsh himself did not submit an interest-rate-path projection, noting that the central bank would scale back on offering forward guidance. </p><p>Brian Mulberry is chief market strategist at Zacks Investment Management.</p><p>"The market's just kind of digesting, I think, a lot of this right now, as we all probably need to sleep a couple of nights on this and figure out what's going to happen next. But I think what you're going to find out is that the Fed is just going to come back to providing stable monetary policy over a long period of time and stop trying to forecast so much what's going to happen month to month, meeting to meeting, and where interest rates should go is simply down to around 2.5 or 3.5%, stay there, so that inflation can be about 2 to 2.5% over a long period of time."</p><p>::Archive</p><p>Meanwhile, oil prices edged back up on Wednesday after President Donald Trump said the agreement with Tehran on the Iran war was not final and that the conflict could resume if he is unsatisfied.</p><p>Among individual stock moves, CME Group slipped about 3.5% after the exchange operator said its CEO will step down on March 1 and transition to the role of executive chairman.</p><p>And shares of Allbirds soared 39% after the footwear maker-turned-AI company changed its name to Smartbird and appointed former Amazon executive Nadia Carlsten as CEO.</p></body>
Stocks suffered broad, sharp losses on rate hike bets after the first Warsh Fed meeting. SpaceX fell for the first time while Robinhood jumped.
(Updates with index/price moves, FedWatch outlook, macro data, and political/company news from the f
US equity indexes were lower on Wednesday as government bond yields rose and the Federal Reserve ann
U.S. stocks dropped on speculation the Federal Reserve may raise interest rates this year to keep a lid on inflation. The S&P 500 slumped 1.2% Wednesday after the Fed released projections showing nearly half its policymakers foresee at least one increase to its main interest rate this year. The Dow Jones Industrial Average went from a gain of 0.5% in the morning to a drop of 1%, while the Nasdaq composite sank 1.3%.

US stocks (^DJI, ^IXIC, ^GSPC) ended Wednesday's session in negative territory after Federal Reserve officials unanimously voted to hold interest rates at their June FOMC meeting today, while also forecasting at least one possible rate hike ahead. Yahoo Finance Markets and Data Editor Jared Blikre breaks down the trading day's market reactions to the Fed's big decision. This was Kevin Warsh's first FOMC meeting he presided over as the new chairman of the Fed.
(Updates with index/price moves and macroeconomic news from the first paragraph.) US equity index
Stocks remained lower after Federal Reserve Chairman Kevin Warsh began his first press conference in the role. The Nasdaq was down 0.5%. Warsh began by saying he was welcomed by fellow bankers, who he says he’s listened closely to for “a lot of new ideas, new thinking, and genuine interest in moving the Fed forward.”
The stock market wavered after the Federal Reserve opted to keep interest rates steady during Kevin Warsh’s first meeting as chairman. The Federal Open Market Committee continued this year’s pause with a target for the federal-funds rate in a range of 3.5% to 3.75%. “Inflation remains elevated relative to the Committee’s 2 percent goal, in part reflecting supply shocks that have driven price increases in certain sectors, including energy,” the FOMC said in its statement.
In Kevin Warsh’s first vote as Fed chairman, the committee voted to keep interest rates unchanged on Wednesday. The decision, which was widely expected, comes as officials seek to determine if the recent oil shock will deliver long-term consequences to the broader economy. At the conclusion of a two-day policy meeting, the Federal Open Market Committee voted to keep its target for the federal-funds rate at 3.5% to 3.75% for the fourth consecutive meeting.
(Updates with latest market prices and developments.) US benchmark equity indexes were mixed intr
(Updates with index/price moves and political/macroeconomic news from the first paragraph.) US eq
s SpaceX's IPO raised a record $85.7 billion. Crypto traders are betting on a valuation of multi-trillions. Analysts remain cautious despite the rally. Crypto traders ...
The stock market was rising ahead of Kevin Warsh’s first Federal Open Market Committee meeting press conference. The Dow was up just 135 points, or 0.3%, after hitting another record on Tuesday. The Nasdaq was up 0.4%.
The market has the most to lose if the central bank raises interest rates. Its rally is powered by tech and AI, making it risky, risky, risky.
US stocks look set for a cautious start on Wednesday as investors await the first Federal Reserve interest rate decision under new chair Kevin Warsh, with the focus less on the immediate policy outcome and more on the route forward. Futures point to a flat open for the Dow Jones and S&P...
US equity futures were slightly higher pre-bell Wednesday as traders await the Federal Reserve's rat
The Fed is expected to hold rates steady, while SpaceX stock continues its post-IPO climb and chip stocks also advance
Wall Street futures pointed moderately higher pre-bell Wednesday, as oil prices steadied well under
U.S. stock futures rose as further details on a memorandum of understanding between the U.S. and Iran lifted sentiment.