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Dow Falls 1,000 Points as Tech Selling Picks Back Up
Barrons.com7d agobearish
Dow Falls 1,000 Points as Tech Selling Picks Back Up

After a brief relief rally, stock market selling accelerated again heading into the close. The Dow Jones Industrial Average sank 1,000 points, or 1.9%. The S&P 500 fell 1%. The Nasdaq dropped 0.9%. The S&P and Nasdaq both were on pace to mark intraday comebacks but lost steam as traders digested the latest updates from Federal Reserve Chairman Kevin Warsh.

S&P 500 Back Down After Warsh Wraps Presser
Barrons.com7d agoneutral
S&P 500 Back Down After Warsh Wraps Presser

The S&P 500 and Nasdaq Composite were struggling to hold onto gains as after Fed Chairman Kevin Warsh took questions from reporters. The S&P 500 was back down 0.2% after briefly popping during Warsh’s presser. The Nasdaq was up just 0.1%.

S&P 500 Mounting Biggest Fed Day Comeback Since 2003
Barrons.com7d agoneutral
S&P 500 Mounting Biggest Fed Day Comeback Since 2003

The Nasdaq Composite is mounting its biggest comeback on a Federal Reserve decision day in more than four years. The tech-heavy index was up 0.4% as Fed Chairman Kevin Warsh took questions from reporters. It was down nearly 1.6% at its low today; if it closes higher, it would mark its biggest reversal from an intraday low to positive territory on a Fed decision day since May 4, 2022, according to Dow Jones Market Data.

Stocks Back Down as Warsh Begins Speaking
Barrons.com7d agoneutral
Stocks Back Down as Warsh Begins Speaking

As Federal Reserve Chairman Kevin Warsh began his press conference, stocks had erased most of their post-decision pop. The Dow Jones Industrial Average was down 775 points, or 1.5%. The S&P 500 was down 0.

CAT Stock Downgrade On Data Center Moratorium Hamstrings Dow Jones Industrial Futures
Investor's Business Daily8d agobearish
CAT Stock Downgrade On Data Center Moratorium Hamstrings Dow Jones Industrial Futures

Caterpillar's strong order and backlog growth are likely to slow in 2027 and 2028, Baird projected on Wednesday, highlighting the recent New York data center moratorium as an example of growing state and local regulatory pushback. CAT stock dragged the Dow Jones into the red before Wednesday's open, as S&P 500 futures pointed higher. Baird downgraded CAT to neutral from outperform, cutting its price target to 900 from 1,200, according to The Fly investment news site.

Stock Futures Edge Higher as Fed Rate Decision Looms
Barrons.com8d agoneutral
Stock Futures Edge Higher as Fed Rate Decision Looms

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.