Stock market today: Dow poised to build on record as stocks rise ahead of Fed decision

Published On Sep 17, 2024, 9:31 AM

The stock market is seeing gains ahead of a Federal Reserve meeting where interest rate decisions will be made. The Dow Jones Industrial Average rose about 0.2%, nearing a record high. The S&P 500 and Nasdaq Composite also saw increases of around 0.4% and 0.7%, respectively. Investors are optimistic about potential interest rate cuts as recent retail sales data surpassed expectations, which could influence the Fed to consider a larger rate cut. Notably, stocks like Intel and Microsoft are making headlines, with Intel securing a major client for AI chips and Microsoft announcing a significant share buyback and dividend increase.