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Oil, gold and crypto ETFs outperformed last week as Middle East tensions lifted commodities despite a broad tech-led market selloff.

The stock market was a sea of red Wednesday morning, but the Dow was having an especially bad day. The Dow Jones Industrial Average was down 820 points, or 1.6%, while the S&P 500 was down 0.8%. The Nasdaq Composite was down 1.1%.

A quarter-points rate hike has been bandied about as a possibility today.

The Nasdaq 100 is on correction watch, and the Nasdaq Composite isn't far behind. When an index closes down 10% from a recent high, it enters a correction. To exit correction, the index would need to establish a recent low and then close up 10% from that level.

The latest oil spike was sending the Dow tumbling, but the Federal Reserve’s interest-rate decision and a gauntlet of earnings loom. The Dow Jones Industrial Average fell 700 points, or 1.3%. The S&P 500 was down 0.

West Texas Intermediate crude jumped nearly 7% after Iran launched missiles at U.S. forces, complicating the Fed's rate calculus

July 29 (Reuters) - Wall Street's main stock indexes opened lower on Wednesday as investors awaited the Federal Reserve's monetary policy verdict against a backdrop of simmering Middle East tensions,

The Dow and the S&P 500 ended higher on Tuesday, driven by robust earnings and a decline in energy prices, as investors continued to dump chip stocks and take refuge in other defensive assets.

Trump’s comments come after CENTCOM said Iranian forces launched multiple ballistic missiles at U.S. bases.

Stock Market Today: The Dow Jones index dropped Wednesday ahead of the Fed decision and Fed Chair Warsh's comments. SK Hynix sold off.

(Updates with economic data, recent oil price movement, world markets' overview and corporate stock

The broad market exchange-traded fund SPDR S&P 500 ETF Trust (SPY) was down 0.1%, and the actively t

Pre-Market Stock Futures: Futures are trading mixed after a strong bounce-back day for all the major indices, except the Nasdaq. Powerful earnings releases for the second quarter, tumbling oil prices, and most across Wall Street agree that the Federal Reserve Chariman Kevin Warsh will keep interest rates where they are now. The Dow Jones Industrial ... Here Are Wednesday’s Top Wall Street Analyst Research Calls: Bloom Energy, Caesars Entertainment, CarMax, Caterpillar, Ford, MPLX LP, Noble, Redd

US market liveblog: stocks set for mixed open ahead of Fed decision US stocks are set for a mixed open on Wednesday as investors look ahead to the Federal Reserve's latest interest-rate decision, while renewed tensions in the Middle East and continued pressure on semiconductor stocks cloud...

As banks and other financial stocks rise, Raymond James launches a breakout. But this challenge looms.

The main US stock measures were mostly trending higher in Wednesday's premarket activity as traders

US equity futures were mixed pre-bell Wednesday as hostilities between the US and Iran resumed after

By Johann M Cherian and Ragini Mathur July 29 (Reuters) - S&P 500 and Nasdaq futures inched higher on Wednesday as investors awaited the Federal Reserve's monetary policy verdict against a backdrop of

Wall Street futures were mostly higher pre-bell Wednesday as the global tech sector sell-off paused,

U. S. stock futures traded close to unchanged on Wednesday as investors prepared for a pivotal session featuring the Federal Reserve’s latest interest rate decision and quarterly earnings from artificial intelligence leaders Meta Platforms (NASDAQ:META) and Microsoft (NASDAQ:MSFT).

The Federal Reserve is expected to raise interest rates twice by year-end -- history suggests that tighter monetary policy could trigger a stock market correction.

Stocks were on track to open a touch higher Wednesday as investors shrugged off a rally in oil prices ahead of the Federal Reserve’s July interest-rate decision. Dow Jones Industrial Average futures climbed 41 points, or 0.1%. This could be a crucial day for the market, with the Fed set to announce its policy decision and mega-cap tech companies Meta and Microsoft due to report earnings after the closing bell.

Hard economic data, not proactive guesswork, drive Federal Open Market Committee (FOMC) policy decisions.

Investors braced for a Fed decision, a flood of earnings, and a potential reescalation in the war with Iran.

After back-to-back days of outperformance this week, the Dow Jones Industrial Average has nudged ahead the other major U.S. benchmarks for the month and year as well. On a year-to-date basis, the Dow is up 9.7%, holding a small lead over of the S&P 500, which is up 8.5%, and the tech-heavy Nasdaq composite, which is up 7%. The Nasdaq yesterday flirted with trading in correction territory, or 10% below a recent high.

By Ankur Banerjee SINGAPORE, July 29 (Reuters) - Asian stocks sank on Wednesday, extending a vicious selloff as anxiety about AI valuations and whether the massive spending will deliver returns

The tech-driven Nasdaq is selling off amid shifting investor sentiment toward artificial intelligence (AI) spending.

While 71% of S&P 500 stocks finished in the green, an 11% plunge in South Korea’s main index kept the Nasdaq in the timeout chair.

Semiconductor stocks slid Tuesday amid concerns that overheated AI spending and intensifying US-China chip competition could affect the robust pipeline of venture-backed chip startups already lined up to go public. The market’s volatility could push those startups to delay going public, said PitchBook senior analyst Harrison Rolfes. Following SpaceX‘s historic offering and with OpenAI and Anthropic already waiting in the wings, many late-stage startups were already considering taking advantage o

<body><p>STORY: Wall Street's main indexes closed mixed on Tuesday with the Dow gaining 1%, the S&P 500 edging up about two-tenths of a percent and the Nasdaq dipping by roughly two-tenths of a percent.</p><p>Markets have been volatile this month as investors worry that Microsoft, Amazon and other tech heavyweights may be overspending on data centers in the race to build out AI infrastructure.</p><p>But Nancy Tengler, CEO and chief investment officer of Laffer Tengler Investments, said to expect these companies to announce more AI spending when they report quarterly results this week.</p><p>"Make no mistake, we're in an AI arms race. I think you will continue to see spending. I think you'll actually see companies increase spending next year and then things will normalize and stabilize... We're focused on adding to the US names because you can't have a situation where companies are penalized for spending, i.e. the hyperscalers, and companies are penalized for being on the receiving end to the spending, Micron, chip names. At some point, this will come, regress to the mean and we'll start to pay attention to fundamentals."</p><p>Shares of Microsoft rose ahead of its report on Wednesday, while Amazon dipped before its results on Thursday.</p><p>Shares of Apple closed almost 1% higher, though they rose nearly 2% during the trading session and briefly exceeded a $5 trillion market valuation for the first time.&nbsp;The iPhone maker reports its results on Thursday.</p><p>Outside of technology, shares of Coca-Cola rallied 5% after the beverage company raised its annual revenue and profit forecasts.</p><p>:: Archive</p><p>And shares of Boeing jumped nearly 5% after the airplane maker generated positive free cash flow as its turnaround plans gained momentum.</p><p>Meanwhile, the Federal Reserve is due to announce its interest-rate decision at the conclusion of its two-day policy meeting on Wednesday. Traders see about a 70% chance that the central bank will leave rates unchanged, according to CME's FedWatch tool.</p></body>