Stocks tick higher as traders await Fed decision, new developments in the Middle East
U.S. stocks rose on Wednesday as traders monitor the latest developments in the Middle East and brace for the Federal Reserve’s latest rate policy decision.
The Dow Jones Industrial Average climbed 100 points, or 0.2%. The S&P 500 also gained 0.2%, along with the Nasdaq Composite.
Stocks are coming off a downbeat session Tuesday as the Israel-Iran conflict mounted.
The attacks between the two countries entered their sixth day Wednesday as Iran’s supreme leader, Ayatollah Ali Khamenei, said that Iran won’t surrender and warned that the U.S. will “undoubtedly be met with irreparable damage” if it enters the conflict.
This comes after President Donald Trump took to his Truth Social platform Tuesday to threaten the Iranian leader, saying that “our patience is wearing thin” and calling for “UNCONDITIONAL SURRENDER!” Current and former administration officials also told NBC News that Trump is weighing options on Iran, including whether to launch a military strike.
Source : CNBC