BTCC
/
BTCC Square
/
Global Cryptocurrency
/
S&P 500 Hits Record High Before Retreating on Fed’s Rate Decision
S&P 500 Hits Record High Before Retreating on Fed’s Rate Decision
11
3
BTCCSquare news:
The S&P 500 briefly surpassed the 7,000 mark for the first time on Wednesday, only to retreat to 6,975 after the Federal Reserve held interest rates steady. Tech giants Microsoft, Tesla, and Meta Platforms—set to report earnings this week—remain key drivers of the index's 2026 gains. Wall Street's focus now shifts to their AI investment disclosures, which could dictate the index's next move.
The Fed's 10-2 vote to maintain rates at 3.5%-3.75% disappointed markets anticipating cuts, with only Governors Waller and Miran advocating for a 25-basis-point reduction. Analysts maintain bullish 2026 forecasts ranging from 7,100 to 8,000, contingent on future rate cuts and sustained tech sector performance.
By:
