The S&P 500, Dow Jones, and Nasdaq closed mixed on Wednesday, with chipmakers and AI infrastructure stocks leading gains. ASML Holding NV reported record Q4 bookings, boosting optimism in AI spending. The FOMC kept interest rates unchanged, causing stocks to fall from highs. The dollar index recovered slightly after President Trump’s comments, while gold prices hit a new high. WTI crude oil rose on Trump’s comments on Iran negotiations. US MBA mortgage applications fell, and the FOMC maintained economic optimism. Earnings reports from tech companies are positive, with the market discounting a small chance of a rate cut in March. Overseas markets were mixed.

Stocks like Seagate Technology Holdings Plc, Intel, and Western Digital rose after earnings results. F5 Inc., Elevance Health, and MSCI Inc. also posted gains. AT&T, Newmont, and PPG Industries saw positive stock movement. Carvana, Amphenol, and Textron were among the losers. Earnings reports for numerous companies are scheduled for this week. European bond yields were mixed, and the German consumer confidence index surpassed expectations. The ECB may consider a rate cut due to the euro’s value. US stock movers experienced varied performance after earnings reports.

Read more at Barchart: Stocks Finish Mixed as Fed Keeps Interest Rates Steady