Ahead of the Federal Reserve’s interest rate decision and May’s consumer inflation statistics, investors’ expectations for stocks increased little on Wednesday.
Futures linked to the Dow Jones Industrial Average increased by 0.1%, or 43 points. Futures for the S&P 500 and the Nasdaq 100 also increased by 0.1%.
Oracle’s share price increased by 9% as investors ignored the company’s last quarter’s losses in favour of the recently disclosed cloud agreements between Google and OpenAI.
The S&P 500 and the Nasdaq Composite reached new closing highs on Tuesday thanks to investor rotation into Apple.
At this week’s developer conference, the maker of the iPhone revealed its efforts in artificial intelligence, which sparked a spike in the company’s shares.
Out of the three major averages, the Dow was the anomaly, declining by 0.31%.
Source (CNBC)
