U.S. Stocks

U.S. stocks added onto gains late in the session after the Federal Reserve raised interest rates for the first time since 2018 as Chairman Jerome Powell signaled the need to bring down inflation. 

Estonian Ambassador to the U.S. Kristjan Prikk discusses the Russia-Ukraine war as Biden fears a no-fly zone will cause Russia to become more aggressive.

Bitcoin is leading a broad rally in cryptocurrencies

Walmart plans to hire 50,000 U.S. associates.

Wall Street futures

U.S. equity futures traded higher Wednesday ahead of the U.S. Federal Reserve's decision on interest rate policy.

Also, a series of economic reports are due Wednesday morning.

The Commerce Department reports retail sales for February. Economists anticipate consumer spending to jump 0.4% month over month, after a larger-than-expected gain of 3.8% in January. Excluding the automotive component, spending is seen as rising 0.9% in February, down from January’s 3.3% pop.

Traders at the NYSE (REUTERS/Brendan McDermid)

U.S. equity futures traded higher Wednesday morning ahead of a widely anticipated decision from the U.S. Federal Reserve on interest rate policy. Oil prices were bouncing back Wednesday morning. Continue reading

Oil storage tanks (REUTERS/Lucy Nicholson/Files)

Oil prices were bouncing back Wednesday morning, after earlier falling more than $1 a barrel, as Russia's invasion of Ukraine and ceasefire talks became the latest market triggers. Continue reading

Illustration of Bitcoin (iStock)

Bitcoin was hovering around $39,000 Wednesday morning after a modest gain in the previous session. Heading into Wednesday, Bitcoin had gained in three of the past four days. Continue reading

Gas Prices (Courtesy: AAA)

The average price for a gallon of gasoline in the U.S. slipped on Wednesday to $4.305, according to the latest numbers from AAA. The price on Tuesday was $4.316. The previous record was $4.33, set on Friday March 11, 2022.