Microsoft ( MSFT) declined 0.1% after it was revealed that the company’s AI research team accidentally exposed a large quantity of private data on GitHub, a software development platform. Shares of Goldman Sachs ( GS) declined 0.4% despite serving as the lead underwriter for the initial public offering (IPO) of Instacart ( CART), which saw its share price rise 12% in its first day of trading. ( DIS) shares plunged 3.6% after it said it would double its investment in its parks to more than $60 billion over the next 10 years as the entertainment giant seeks to supercharge its largest profit center. Intel ( INTC) shares fell 4.3% as it demonstrated a new chip, due in December, designed to run generative artificial intelligence (AI) chatbots on a laptop, rather than having access cloud data centers. Honeywell ( HON) gained 0.5%, while shares of Amgen ( AMGN) increased by 0.4%. Tech was one of the better-performing corners of the market, with the sector losing less than 0.1% today. Apple ( AAPL) moved higher by 0.6%, and Salesforce ( CRM) added 0.3%. Shares of IBM ( IBM) increased 1%, making it the best-performing stock in the Dow 30. Stocks wavered yesterday, seesawing between small gains and losses before ultimately closing flat.Īhead of tomorrow’s Federal Reserve interest rate decision, the Dow Jones Industrial Average slid 0.3%, or about 107 points, as investors await hints about the odds of further interest rate hikes later this year. European stocks also fell as oil prices climbed and natural gas jumped to a one-month high. They closed at $33.70, up 12%.Īsian stocks closed lower, with Japan's Nikkei dropping 0.9%. Shares, trading under the symbol "CART," were priced at $30 and surged by as much as 32% in intraday trading. Instacart began trading on the Nasdaq today. Policymakers are expected to hold rates steady while signaling rates are likely to be "higher for longer" than previously anticipated. The Federal Open Market Committee (FOMC) met today to discuss the health of the economy and the outlook for inflation, which picked up last month on the back of higher oil prices. The Dow Jones Industrial Average fell 0.3%, while the Nasdaq and the S&P 500 both slipped 0.2%. stocks fell and Treasury yields surged Tuesday as investors prepared for tomorrow's interest rate decision from the Federal Reserve. 20, 2023): For today's live markets coverage, see here.
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