Today’s stock market: real-time updates

Stocks rose on Wednesday as investors analyzed the latest earnings reports and prepared for the Federal Reserve’s monetary policy decision.

this S&P 500 rose by 1.3%, while Nasdaq Composite Index Up nearly 2%. Dow Jones Industrial Average The price is trading slightly above the flat line.

Advanced Micro Devices Up more than 8% on second-quarter results Exceeded general expectations. Artificial Intelligence Darling Nvidia Morgan Stanley, driven by AMD report Rating this stock as a top pick. Microsoft At the same time, due to its cloud business Disappointed Wall Street.

Boeing Shares of the company rose about 2% after the announcement of its new CEO. The aerospace company also reported a wider-than-expected loss and disappointing revenue in the second quarter. HumanaMeanwhile, shares fell more than 7.5% after the company issued weak earnings guidance.

Kavanagh and Qualcomm is among the companies set to report after the close.

The Federal Reserve is due to wrap up its two-day policy meeting on Wednesday. The central bank is expected to keep interest rates unchanged at the meeting, but the focus will be on Chairman Jerome Powell and whether he will provide any indication of Cuts may be coming.

Employment data released on Wednesday hinted at a slowing economy and supported the central bank’s efforts to lower inflation. Private job growth slowed further in July and the pace of wage increases fell to its slowest pace in three years, according to the U.S. Bureau of Labor Statistics. Latest ADP report.

Bryce Doty, senior portfolio manager at Sit Investment Associates, said: “Investors expect the Fed to send a strong signal of rate cuts in September. But it is difficult for the Fed to show overconfidence in future rate cuts because it raises the question of ‘Why not cut rates now?’ Therefore, investors may be disappointed with the tone and posture of the Fed meeting.”

Wall Street was also set to end a turbulent month. The S&P 500 rose slightly, while the Nasdaq fell 1.6%.

Dow Jones Index and Russell 2000 The small-cap indexes are expected to rise more than 4% and 9%, respectively, this month, highlighting the role of market rotation toward smaller, more cyclical stocks.