Stocks mixed, tech weakens ahead of expected Fed rate cut

Stocks mixed, tech weakens ahead of expected Fed rate cut

(Add blog post) Welcome to the home of real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at STOCKS MIXED, TECH SWAKES AHEAD EXPECTED FED RATE CUTS Stocks were mixed on Wednesday, with the Dow Jones Industrial Average and S&P 500 posting modest gains, while the Nasdaq Composite is in the red, ahead of an expected rate cut by the Federal Reserve. Traders are cautious, with Fed Chairman Jerome Powell expected to strike a hawkish tone on future rate cuts as he presides over an increasingly divided US central bank that weighs high inflation against a weakening labor market. Fed funds futures traders are pricing in a 91% chance of a rate cut, and traders will focus on how much officials rail against the move. Policy makers will also update their economic and interest rate projections for the coming quarters. Industrials is the best performing sector ahead of the decision, while tech is the laggard. The US dollar, gold, crude oil and bitcoin are all lower on the day, while benchmark 10-year Treasury yields eased to 4.17%. Here’s Tuesday’s opening market snapshot: (Karen Brettell) ***** EARLIER ON LIVE MARKETS: GIMME CREDIT FLAG BIG DEBT RISKS IN NETFLIX’S WARNER BROS DISCOVERY DEAL CLICK HERE STAPLES STUCK: HSBC WARNS 2026 WILL NOT BE HERE. SILVER! CLICK HERE BELLIES CLICK AS CENTRAL BANK EXPECTATIONS SHIFT CLICK HERE ONE BITCOIN BULL CUT THEIR FORECAST AS “COLD BREEZE” BROWSE CLICK HERE STOXX DIPS CLICK HERE AHEAD OF THE CLOCK: EUROPE DIPS ON FOOD DAY; DELIVERY HERO SHINES CLICK HERE ONE LAST HINKIE REMAINS FOR THE YEAR CLICK HERE

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