The major US stock indices are little changed to start the trading day.

The Federal Reserve will announce or constrict decision at 2 PM ET with expectations of no change in policy. The focus will be on the statement and what Fed chair Powellhas to say during his press conference. The Fed’s economic projections for GDP, employment and inflation will also be released along with the so-called dot plot of expectations for Federal Reserves target rate. At the last release, the Fed projected two cuts between now and the end of the year.

Dow Jones (DJI): +10.45 to 42,226.25 (+0.02%)
S&P 500 (SPX): +1.44 to 5,984.16 (+0.02%)
Nasdaq Composite (IXIC): -18.80 to 19,502.29 (-0.10%)
Russell 2000 (RUT): +0.4663 to 2,102.4265 (+0.02%)

Stock Movers – Sorted by Direction

Higher:

Nucor: +0.79 (+0.83%) – Preannounced strong Q2 earnings
Amazon: +0.44 (+0.20%)
Advanced Micro Devices (AMD): +0.19 (+0.15%)
Dell: +0.08 (+0.07%)
Super Micro Computer (SMCI): +0.01 (+0.02%)
AVGO (Broadcom): +0.83 (+0.33%)
Tesla plus $4.43 (+1.42%). .42%

Lower:

Meta Platforms: $-0.64 or -0.09%
Apple: -0.24 (-0.12%)
Microsoft: -$2.54 or -0.53
Alphabet (Google): $-0.14 or -0.08%
Intel: -0.02 (-0.10%)
Costco: $1.39 (-0.14%)
Nvidia: $-0.44 (-0.30%)

Meta Platforms is aggressively recruiting for its AI “superintelligence” team, reportedly offering OpenAI employees bonuses of up to $100 million. The move highlights Big Tech’s intensifying battle for top AI talent.

Oracle received a bullish upgrade from Guggenheim, which raised its price target to $250 from $220, citing strength in its AI-related business momentum following solid earnings last week.

Honeywell saw its price target increased to $258 from $243 by Barclays. Analysts believe the company has turned a corner post-aerospace spin-off and is set for improved earnings revisions.

Wells Fargo had its price target lifted to $84 from $78 by Raymond James. Analysts called the asset cap removal a meaningful mid- to long-term positive, with earnings estimates likely to rise.

Salesforce could generate an additional $1 billion in revenue over two years due to recent price hikes, according to Morgan Stanley. The firm reaffirmed its overweight rating and $404 price target.

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