Wall Street little changed ahead of FOMC and NFP
Investors are remaining on the sidelines waiting for tomorrow's FOMC meeting minutes, and Friday's non-farm payroll report as the major equity indexes in the Unites States closed little changed on Tuesday.
Energy producers led the rise in the S&P 500 as the barrel of West Texas Intermediate continued to rise following yesterday's downward correction. As of writing the WTI crude oil is at $51.12 up 1.75% on the day. The Dow Jones Industrial Average gained 39.03 points, or 0.19%, to 20,689.24, the S&P 500 rose 1.5 points, or 0.06 percent, to 2,357.50. Meanwhile, tech-heavy Nasdaq Composite Index 3.93 points, or 0.07%, to 5,898.61.
- Forex today: well, it was all about forex 'for the rest of the week'
In addition to important macro events, investors continue to remain cautious as they are unwilling to take large bets ahead of first-quarter earnings season. Also, China’s President Xi Jinping will meet with his U.S. counterpart President Donald Trump for two days starting April 6. Trump earlier this week tweeted that he expects the meeting to be 'very difficult.'
Headlines from the U.S. session
- Recent Fed speaker comments reviewed, hawkish - UOB
- US Factory Orders: Trend in core capital orders improves - Wells Fargo
- Fed's Lacker announces resignation, says he was source of Medley leak
- Richmond Fed Statement on Jeffrey Lacker's Announcement
- US: House lawmakers to reveal a new health-care bill on Tuesday - Bloomberg
- US: Goods and services deficit was $43.6 billion in Feb., down $4.6 billion from $48.2 billion in Jan.