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U.S. stocks vary ahead of earnings and Fed
The U.S. stock markets experienced mixed performance as investors approached the Federal Reserve's interest rate decision, which is scheduled to be announced tomorrow, Wednesday. The Dow Jones Industrial Average rose by about 335 points (0.6%), supported by better-than-expected quarterly results from companies such as Sherwin-Williams and Coca-Cola. Meanwhile, the S&P 500 remained steady, and the Nasdaq declined by 0.7% due to losses in semiconductor companies, especially Microron's stock, which dropped 7%. The market expects interest rates to remain unchanged, with traders awaiting signals about the future direction of monetary policy, amid a decline in oil prices following talks between Iran and Saudi Arabia regarding the Strait of Hormuz.
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