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Source: Newsmaker.id
U.S. stock markets saw volatile trading on Wednesday (October 28, 2026), as investors digested the Federal Reserve’s decision to hold interest rates steady, alongside comments from Fed Chair Kevin Warsh during a press conference.
The S&P 500 index edged up 0.1%, while the Nasdaq Composite and the Dow Jones Industrial Average hovered near their previous closing levels. The Federal Open Market Committee (FOMC) opted to keep the benchmark interest rate in the 3.75%–4.00% range, in line with market expectations. However, the decision was not unanimous, as two central bank officials favored a 25-basis-point hike. This divergence in views highlights that inflationary pressure remains a key consideration in shaping U.S. monetary policy.
In his press conference, Kevin Warsh expressed an optimistic outlook, noting that inflation expectations remain well-contained, and announced a change to the Federal Reserve’s meeting schedule starting next year. His remarks drew close attention from investors seeking clues regarding potential monetary tightening in December. Meanwhile, earnings reports from technology companies continued to influence sentiment on Wall Street. Shares of Alphabet rose 1.6% following news that OpenAI plans to purchase artificial intelligence computing chips from Google, while Microsoft shares dipped 0.5% ahead of its earnings release after the market closed. Investors are also closely monitoring the outlook for AI investments, which remains a critical driver for growth in the technology sector.
Semiconductor stocks performed well after SK Hynix reported its highest-ever quarterly profit, fueling optimism regarding global chip demand. Micron Technology surged 5.6%, and Advanced Micro Devices (AMD) climbed 2.6%. Conversely, Apple shares fell 0.8%, even as the company unveiled its latest MacBook Pro, which features a touchscreen display. Meta Platforms fell 1.2%, while Tesla saw a 1% correction. This mixed stock performance reflects a selective approach by investors amid uncertainty regarding interest rate policies and the capital expenditure outlook for technology companies. The market is now awaiting earnings reports from Microsoft and Alphabet, as well as updates on U.S. inflation, to determine the next direction for trading. (yds)
Source: Newsmaker.id