Wall Street took a cautious pause Tuesday as investors juggled mixed corporate earnings and economic signals ahead of the Federal Reserve’s highly anticipated rate decision. The Dow fell 0.46%, while the S&P 500 and Nasdaq dropped 0.30% and 0.38% respectively – like a group chat where everyone’s waiting for that one friend to text back. 📱
🔑 Key Movers: – Boeing soared past expectations (✈️ jet-powered gains!) – UPS shares nosedived 10.57% after missing targets 🚚💸 – Corning glassed the competition with an 11.86% jump 🔮
Tech giants played musical chairs: Tesla and Apple each fell 1%+ while Alphabet and Broadcom stayed upbeat. All eyes now turn to Microsoft and Meta’s earnings Wednesday – the tech world’s equivalent of dropping new album tracks. 🎧
📊 Market Mood: Seven S&P sectors dipped, with real estate and utilities being the party starters (+1.7% and +1.17%). Job openings held steady at 7.4 million, keeping the economic plot thick before Wednesday’s Fed announcement.
With 97% of traders expecting rates to stay frozen at 4.25%-4.5%, the real drama might be in Fed Chair Jerome Powell’s post-meeting comments. Will he serve reassurance tea ☕ or hint at future storms? Markets are all ears. 👂
