Stocks Mixed as Dow Hits Record Ahead of Fed Decision

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Summary · why it matters

U.S. stock indexes are mixed with the Dow Jones Industrial Average reaching a new all-time high as markets await the conclusion of the Federal Reserve's two-day policy meeting, the first under new Chair Kevin Warsh. The S&P 500 is down 0.15%, the Dow is up 0.23%, and the Nasdaq 100 is up 0.30%. Better-than-expected May retail sales rose 0.9% month-over-month and pending home sales jumped 3.8%, signaling resilient consumer demand. Chipmakers led gains, with Applied Materials up more than 8%, while telecommunication and trucking stocks weighed on the broader market. The Fed is expected to hold rates steady, with markets pricing only a 5% chance of a quarter-point hike.

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