Stocks moved higher on Wednesday, led by tech, as investors waited for the release of the minutes from the Fed’s most recent policy meeting.
The S&P 500 climbed 0.2%, the Nasdaq Composite rose 0.2%, and the Dow Jones Industrial Average gained 86 points, also 0.2%.
Still, the upside stayed limited as oil prices jumped. Markets are reacting to fresh developments in U.S.–Iran nuclear talks. Vice President JD Vance said Tuesday that Iran failed to address U.S. red lines and warned that military action remains a possibility.
On the corporate side, Nvidia rose 2% after Meta said it will use millions of Nvidia chips in its data center buildout.
Another “Magnificent Seven” name, Amazon, climbed about 1% after filings showed Bill Ackman’s Pershing Square increased its stake in the company by 65% in the fourth quarter, making it the fund’s third-largest holding.
The move follows Amazon snapping a nine-day losing streak.
Micron Technology also advanced after David Tepper’s Appaloosa Management boosted its position in the chipmaker.
Meanwhile, Bitcoin remains stuck around $67,000, showing little reaction so far to the broader liquidity story.
Source: https://www.cryptopolitan.com/federal-reserve-to-inject-16-billion-in-liquidity-into-u-s-markets-this-week/
