Yahoo Finance
US stocks were mostly steady on Wednesday as tech stocks eyed a rebound ahead of the Federal Reserve's interest rate decision, the first under new Chairman Kevin Warsh.
The tech-heavy Nasdaq Composite (^IXIC) nudged above the flat line, while the S&P 500 (^GSPC) rose about 0.1%.
The Dow Jones Industrial Average (^DJI) rose 0.4% after the blue-chip benchmarkclosed at a record highamid uncertainty around the US-Iran peace deal.
The Fed iswidely expectedto hold rates steady on Wednesday.
As a result, investors will focus on discerning Warsh's view of monetary policy and whether rate hikes could be on the horizon.Hot inflation dataamid the US war with Iran, combined withsigns of a steady job market, has taken rate cuts off the table.
Investors are also debating whether the blocked oil flows through the Strait of Hormuz could be cleared quickly, as they weigh the US-Iran interim deal to end their conflict.
After agreeing on a draft14-point memorandum, the two sides aim to formally sign an agreement on Friday.
But President Trump said thememo wasn't finaland the US could "go right back to dropping bombs right smack in the middle of their head" if he didn't like it, speaking at the G7 summit on Wednesday.
Meanwhile, SpaceX (SPCX) turned 4% lower, poised to snap a post-IPO rally that has seen the Elon Musk-led rocket company eclipse Amazon (AMZN) in market value in just three days of trading.
Hyperscalers could soon get long-awaited clarity on how to accelerate their access to the US power grid, with the Federal Energy Regulatory Commission (FERC) expected to soon offer major guidance to the data center industry.
Hyperscalers and other data center developers currently face grid connection queues that can stretch to years, forcing pivots to so-called “behind the meter” power solutions such as on-site natural gas generation or restarting shuttered nuclear plants.
And yet, major developers of natural gas turbines such as GE Vernova cite yearslong order backlogs, and plans to restart nuclear centers such as Three Mile Island have drawn intense criticism.
| Product | Price | Change |
|---|---|---|
| Brent Crude | $102.14/bbl | +0.34% |
| WTI Crude | $96.90/bbl | +0.21% |
| EN590 Diesel | $846/MT | +0.18% |
| Jet Fuel A-1 | $1090/MT | +0.55% |
| Mazut M100 | $450/MT | -0.15% |
| Bitumen 60/70 | $470/MT | +0.08% |
| Sulphur Gran 99.5% | $470/MT | -0.44% |
| Urea 46% Gran | $650/MT | +1.12% |
| NPK 16-16-16 | $460/MT | -0.28% |
| Nat Gas TTF | $15.42/MMBtu | +0.92% |
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