US Stock Market Mixed as Dow Slips Amid Higher Yields and Oil Uncertainty
The US stock market is experiencing a mixed session on Friday, September 18, as investors weigh higher Treasury yields, the Federal Reserve's latest rate decision, and continuing oil-market uncertainty.
The Dow Jones Industrial Average has slipped by 213.46 points or 0.41% to reach 51,564.58, while the Nasdaq Composite index is almost flat at 26,418.94. The S&P 500 index is lower by 10.07 points or 0.13% at 7,627.69.
The Fed's latest decision was unanimous and raised the target range by 25 basis points to 3.75%-4%. The central bank said economic activity is expanding at a solid pace while inflation remains elevated.
Nvidia continues to play a critical role in the wider technology and AI trades within the United States, with stock prices at $219.26. The company's earnings are considered important as investors work to ascertain if the massive expenditure on AI infrastructure can be sustained at its current level.