From Al Jazeera: 2024-06-10 23:27:37

The S&P 500 gained 0.3 percent ahead of the Federal Reserve’s interest rate decision, hitting record highs. Nasdaq Composite Index rose 0.4 percent. Diamond Offshore Drilling and Southwest Airlines surged, while tech giants Microsoft, Amazon, Nvidia saw gains. Apple’s AI features rollout disappointed investors, causing a 1.9 percent decline. Tesla fell 2.08 percent ahead of a vote on CEO Elon Musk’s pay package. Federal Reserve expected to maintain interest rates but comments will be monitored closely. Fed has kept benchmark rate between 5.25 percent and 5.5 percent since July 2023. Fed noted “lack of further progress” in reaching 2 percent inflation target after last meeting on May 1.



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