Stock market today: Wall Street holds steady ahead of this week's Fed meeting
==========

U.S. stocks are mixed in quiet trading ahead of a week with several top-tier reports on inflation due, as well as the Federal Reserve’s latest meeting on interest rates. The S&P 500 was 0.1% lower in morning trading, still close to its record set last week. The Dow Jones Industrial Average was up 7 points, or less than 0.1%, as of 10:20 a.m. Eastern time, and the Nasdaq composite was 0.2% lower. Huntington Bancshares dropped 5.9% for one of the market’s largest losses after it cut its forecast for a key component of profit this year. Other banks also fell afterward, including losses of 3.1% for Citizens Financial Group, 3% for Regions Financial and 2.7% for KeyCorp. Diamond Offshore Drilling jumped 10.4% after Noble agreed to buy its rival in a cash-and-stock deal valued at roughly $1.6 billion. Noble added 4.7% in a signal that traders expect the combination to be a winner. Apple was drifting 0.9% lower ahead of a conference where analysts expect it to offer details about its moves into artificial-intelligence technology. Data on the economy have come in mixed recently, and traders are hoping they will ultimately show a slowdown that’s just right in magnitude. In the meantime, companies benefiting from the AI boom are continuing to report big growth almost regardless of what the economy and interest rates are doing. Treasury yields in the bond market were mixed ahead of reports later in the week that will show whether inflation improved last month at both the consumer and wholesale levels. On Wednesday, the Federal Reserve will announce its latest decision on interest rates. Virtually no one expects it to move its main interest rate then. But policy makers will be publishing their latest forecasts for where they see interest rates and the economy heading in the future.

#StockMarket #WallStreet #FederalReserve #InterestRates #Inflation

https://apnews.com/article/stock-market-rates-france-euro-44075c1768cc364f995bca495a121b26