S&P Flat as Fed Decision Looms

The S&P 500 was little changed Wednesday as investors awaited the latest Federal Reserve policy decision.

The Dow Jones Industrials moved into the green 23.3 points to 39,134.06.

The much broader index gained 4.62 points to 5,183.13.

The NASDAQ squeezed higher 12.9 points to 16,179.69.

Intel rose more than 1% on news that the White House plans to award the semiconductor company $8.5 billion in CHIPS Act grants. Chipotle Mexican Grill popped nearly 7% after announcing a stock split.

Prices for the 10-year Treasury surged, lowering yields to 4.29% from Tuesday’s 4.30%. Treasury prices and yields move in opposite directions.

Oil prices slid $1.45 to $82.02 U.S. a barrel.

Gold prices jumped $4.80 to $2,164.50.

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