S&P 500, Nasdaq Rise as Oil Pulls Back Ahead of Fed — SkimNews
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- S&P 500 and Nasdaq opened higher as oil prices pulled back ahead of the Fed decision.
- Chip stocks gained for a second day, with the S&P 500 rising as oil prices eased.
- Global shares traded mixed as investors awaited central-bank rate decisions, contrasting with the higher U.S. open.
- U.S. stock futures gained while oil fell, with Iran cited in the related market headline.
Why it matters: For investors tracking the S&P 500 and Nasdaq, chip stocks rose for a second day as oil eased, but mixed global shares show the strength was not a uniform worldwide move. The Fed decision was the event investors were waiting for, keeping monetary policy at the center of the session.
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