The Federal Reserve kept interest rates steady, causing minimal impact on Wall Street. Gold prices soared to a new high amidst a stable stock market. Seagate Technology reported higher profits than expected, attributing the success to demand from AI applications. Nvidia saw a 1.6% increase, benefiting from positive reports in the chip-making industry.
On the flip side, Amphenol’s stock dropped despite exceeding profit forecasts. Companies are pressured to deliver strong profit growth to maintain stock prices. Apple’s stock slipped ahead of its profit report. Overall, the S&P 500 slightly decreased, the Dow Jones rose, and the Nasdaq composite increased.
The U.S. dollar stabilized after Treasury Secretary Bessent affirmed the government’s commitment to a strong dollar. The dollar rose against major currencies, rebounding from recent weakness. Concerns about tariffs and debt have led to fluctuations in global markets, impacting U.S. investments.
The Fed’s decision to hold interest rates steady signaled confidence in the economy’s strength. Treasury yields remained stable, with lower rates potentially boosting the economy. Global investors are turning to safer assets like gold amid political uncertainties. International markets varied, with Asia outperforming Europe.

Read more at Yahoo Finance: US stocks hold near their all-time high while the dollar’s value stabilizes