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(Updates with index/price moves and macroeconomic news from the first paragraph.) US equity index

Stocks fell to session lows after Kevin Warsh wrapped up his first press conference as Fed chairman. The Dow fell 410 points, or 0.8%. The S&P 500 fell 1.1%. The Nasdaq dropped 1%. Warsh signalled big changes could be coming to how the central bank communicates, but he mostly said changes will be made after convening various task forces.

Stocks were lower again as Kevin Warsh didn’t seem particularly interested in the market’s reaction to his first press conference as Fed chairman. “This is a lot of change for financial markets to digest,” Warsh said, referring to efforts to reshape the central bank. Warsh said he plans to form task forces to better deliver on the Fed’s goals.

Dow Hits Milestone High as Investors Watch Fed and Iran Developments

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.”

Fed policymakers now see no interest rate cuts in 2026 after previously projecting one cut for this year back in March. Officials estimate their target range for the federal-funds rate will be 3.8% at the end of 2026, unchanged from its current level, according to the so-called "dot plot" from the Fed's latest Summary of Economic Projections released Wednesday. Notably, nine officials projected the Fed’s benchmark interest rate to be higher than it is today by the end of the year.

(Updates with latest market prices and developments.) US benchmark equity indexes were mixed intr

(Updates with index/price moves, macroeconomic data, and political/company news from the first parag

(Updates with index/price moves and political/macroeconomic news from the first paragraph.) US eq

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%.

June 17 (Reuters) - The main U.S. stock indexes opened higher on Wednesday, as chip stocks rebounded ahead of the first interest rate decision under new Federal Reserve Chair Kevin Warsh.

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

Stock Market Today: The Dow Jones index wavered Wednesday ahead of the Fed's decision and Fed Chair Warsh's comments. SpaceX stock rallied.

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

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

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.

Stocks were on track to rise Wednesday after more details about the U.S.-Iran peace deal leaked, bolstering hopes that the two countries are on the brink of reaching an agreement to end the war in the Middle East. Futures tracking the tech-heavy Nasdaq 100 gained 0.5%, while S&P 500 futures added 0.1%. The market looked set for a broader rally on Wednesday after The Wall Street Journal reported that the U.S. would allow Iran to immediately begin selling oil and fuel under the deal to end the war, citing people familiar with the agreement.

Stocktwits data showed retail sentiment has improved to ‘bullish’ on SPY and ‘neutral’ on QQQ from ‘bearish’ earlier in the week.

The new Fed chair is likely to home in on elevated inflation and its primary causes.

Oil fell below $80 on the Iran deal, the Dow hit a record, and Bitcoin touched $67K. Then the Fed wiped out rate cuts.

The Dow rose 332 points, or 0.6%, to finish at a record high. Despite the downward slide of oil prices, trading ahead of Wednesday’s Fed interest rate decision was relatively “light and featureless,” writes Joe Mazzola, head trading and derivatives strategist at Charles Schwab. Kevin Warsh’s first press conference as Fed chairman is the big event tomorrow (more on that below), but the U.S. Census is also set to release a significant economic barometer on Wednesday morning: May retail sales.

Investors looked ahead to the Federal Reserve's next interest rate decision, the first to be delivered under Chair Kevin Warsh.

US stock futures rose modestly as investors looked ahead to the Federal Reserve's next interest rate decision, the first to be delivered under Chair Kevin Warsh.

US stock futures rose modestly as investors looked ahead to the Federal Reserve’s next interest rate decision, the first to be delivered under Chair Kevin Warsh.

<body><p>STORY: Wall Street's main indexes ended mixed on Tuesday, with the Dow gaining just under two-thirds of a percent to notch its second straight record-high close... while the S&P 500 shed more than half a percent and the Nasdaq dropped more than one percent.</p><p>Shares of Elon Musk's SpaceX ended nearly 5% higher, paring earlier gains. For much of the session, the rocket and AI company's value was above that of Amazon, and it briefly surpassed Microsoft's valuation, as retail investors continued to pour into the stock after its record-breaking IPO.</p><p>But Amol Dhargalkar, chairman and managing partner at Chatham Financial, warned of several risks that could trigger volatility for SpaceX and other AI-related stocks.</p><p>"I think that's a really difficult position to be in as a retail investor, especially when you consider the fact that there is a lot of risk, not just in the business model, but these are names where the cash flows are likely far into the future.&nbsp;And we are not in a period of 0% or negative interest rates or even declining interest rates at this point.&nbsp;</p><p>There's a lot of question as to whether interest rates will continue to be flat or will they go up.&nbsp;And that can certainly be a meaningful drag on valuations of high growth companies, especially where that growth is out far into the future."</p><p>Investors will look for clues on where interest rates are headed when the Federal Reserve concludes its latest two-day policy meeting on Wednesday, with Kevin Warsh holding his first press conference as Fed chair.</p><p>Other stocks on the move included shares of Olin, which sank nearly 6% after the chemical producer said it would acquire Huntsman in an all-stock deal valued at more than $2.4 billion. Huntsman shares also fell as the offer stood at a discount to the stock's recent price.</p><p>:: Yum Brands</p><p>And shares of Yum Brands rose after the fast-food company said it would sell its Pizza Hut chain for $2.7 billion, against a backdrop of softer consumer spending across the fast-food industry.</p></body>