ASML Holding N.V.ASML rose 4% premarket as semiconductor sector rallied ahead of Fed rate decision, which is expected to hold rates steady.
U.S. stock futures rose Wednesday morning as investors awaited the Federal Reserve's first interest rate decision under new Chairman Kevin Warsh. S&P 500 futures added 0.1% and Nasdaq 100 contracts gained 0.6%, while Dow Jones futures fell marginally. The Fed is widely expected to hold rates at 3.5% to 3.75%, with Warsh likely to skip the FOMC's dot-plot submission. SpaceX shares climbed 3.5% premarket, extending a roughly 50% surge since its $135 IPO last week that pushed its market cap past Amazon's. Among semiconductor names, ASML rose 4% and Intel added 3%, lifting the Invesco PHLX Semiconductor ETF 2.3% higher. Brent crude traded around $79 a barrel, its weakest since the Iran war's opening phase, pressured by a potential U.S.-Iran deal, though Trump warned airstrikes could resume if terms proved unsatisfactory. The Dow Jones Industrial Average crossed 52,000 for the first time on Tuesday, while the S&P 500 and Nasdaq declined; global markets were broadly constructive, with Tokyo's Nikkei 225 hitting a new record and the pan-European Stoxx 600 adding 0.3%.
ASML Holding N.V.ASML rose 4% premarket as semiconductor sector rallied ahead of Fed rate decision, which is expected to hold rates steady.
Intel CorporationIntel shares rose 3% premarket as semiconductor sector rallied ahead of Fed rate decision, which is expected to hold rates steady.
Space Exploration Technologies Corp. Class A Common StockSpaceX shares climbed 3.5% premarket, extending a roughly 50% surge since its $135 IPO last week that pushed its market cap past Amazon's.
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