From Barchart: 2025-01-29 05:46:09

1. The stock market experienced a slight dip today, with the S&P 500 falling by 0.3% and the Dow Jones Industrial Average dropping by 0.5%. Tech stocks were hit the hardest, with the Nasdaq Composite decreasing by 1.2%.
2. Investors are keeping a close eye on the Federal Reserve’s upcoming meeting, where they are expected to discuss potential interest rate hikes in response to rising inflation rates.
3. In other news, oil prices have continued to climb, with Brent crude reaching $75 per barrel, the highest level in two years. This rise is attributed to increased demand as global economies reopen.
4. Despite the market fluctuations, experts remain optimistic about the overall recovery of the economy, citing strong corporate earnings and a rebound in consumer spending.

Read more at Barchart: Stocks Set to Open Higher as Investors Await Fed Rate Decision and Big Tech Earnings