Dow, S&P 500 open flat ahead of Fed’s rate decision
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U.S. stocks looked to edge higher on Wednesday as the market pondered the next steps ahead of the Federal Reserve’s interest rate decision and the unfolding Israel-Iran conflict. The Dow Jones Industrial Average hovered near 42,246, up 30 points at the open, while the benchmark U.S. index S&P 500 held near record highs with a gain of 0.01%. Meanwhile, the Nasdaq Composite was flat, up just 0.01%. All three major indices were slightly in the green but remained constrained as the Middle East conflict weighed heavily on investor confidence. Israel-Iran war weighs on markets While stocks looked to hold onto recent gains, markets lacked upside conviction. On Wednesday, Iran’s Supreme Leader Ayatollah Ali Khamenei vowed that the country would not surrender to Israel. The Iranian leader’s comments came after President Donald Trump posted that Iran had to surrender unconditionally, with speculation rife that the United States is set to join the conflict. Khamenei warned that U.S. involvement would be “to its own detriment.” The US entering in this matter [war] is 100% to its own detriment. The damage it will suffer will be far greater than any harm that Iran may encounter. — Khamenei.ir (@khamenei_ir) June 18, 2025 U.S. Treasury yields hovered largely unchanged amid this backdrop, with the benchmark 10-year Treasury note at 4.385% and the 2-year at 3.948%. Oil prices continued to climb following Israel’s surprise attack on Iran, which escalated into further hostilities, with Iran striking Tel Aviv and other locations inside Israel. Meanwhile, weakness across risk assets has seen cryptocurrencies swing lower, led by Bitcoin(BTC), which gave up gains from above $108,000 to below $105,000. Investors await Fed’s rate decision As well as the Middle East conflict, investors will be keen on the Fed‘s policy decision later on Wednesday. Chair Jerome Powell, under mounting pressure from…
Filed under: News - @ June 18, 2025 10:27 pm