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News  ›  Benzinga

S&P 500 Tops 6,900 Ahead Fed Rate Move, Gold Reclaims $4,000: What's Moving Markets Wednesday?

Benzinga Logo Benzinga By Piero Cingari
S&P 500 Tops 6,900 Ahead Fed Rate Move, Gold Reclaims $4,000: What's Moving Markets Wednesday?

The S&P 500 reached 6,900 points driven by AI-related stocks, particularly NVIDIA, ahead of the Federal Reserve's anticipated interest rate decision. Semiconductor stocks performed strongly, with several companies reporting impressive earnings.

Insights
MSpO   neutral

Analyst Kristine Liwag maintained a hold recommendation with a reduced price target of $45


NVDA   positive

Became first company to surpass $5 trillion market valuation, announced $500 billion in data center orders, and stock advanced 9% over two sessions