Unlock stock picks and a broker-level newsfeed that powers Wall Street.
Updated 2 min read
In This Article:
US stocks recovered some ground in early trading on Wednesday as investors waited for the Federal Reserve’s policy decision, seeking insights into the economy in the face of tariff risks.
The Dow Jones Industrial Average (^DJI) was up about 0.5%, while the S&P 500 (^GSPC) rose about 0.6%. The tech-heavy Nasdaq Composite (^IXIC) led the gains with a rise of nearly 0.9%, after the major gauges failed to muster a comeback on Tuesday.
The Fed is overwhelmingly expected to hold interest rates steady in its policy decision on Wednesday afternoon. But investors are still looking to policymakers to provide a catalyst as stocks attempt to recover from their recent sharp sell-off.
SNP – Free Realtime Quote USD
As of 11:23:19 AM EDT. Market Open.
^GSPC ^DJI ^IXIC
With rate cuts seen as off the table for March, the focus is on the “dot plot” — where Fed officials think rates will move next — and on Chair Jerome Powell’s press conference to set expectations for future easing.
“Powell post-FOMC will have to reassure markets growth remains healthy and inflation’s trajectory still points to 2% as confidence is wavering amid stagflation worries, or outright recession fears,” Evercore ISI’s Julian Emanuel said in a note to clients.
Read more: The latest on Trump’s tariffs
In high focus is the Fed’s view of how Trump’s trade, immigration, and other policies will impact the economy — inflation and the labor market in particular. It comes as investors increasingly worry about US growth.
Elsewhere, stocks in Turkey plunged amid a deepening political purge, the latest geopolitical sign of markets on edge to grab Wall Street attention.
In individual names, Nvidia (NVDA) stock rose more than 2%, set to recoup some of Tuesday’s tech-rout losses as GTC-linked headlines rolled in. Meanwhile, Tesla (TSLA) shares also rebounded by more than 2% as Cantor Fitzgerald upgraded the stock to a “Buy” rating.
LIVE 11 updates
-
Rents fall in February, but supply shortage could be the catalyst to drive prices up
Apartment hunters caught a break in February as rents continued their nationwide decline.
Data from Realtor.com shows that rents dropped to $1,691 last month, slightly lower than in January and down by $15 compared to February 2024. This marks the 19th straight month of year-over-year declines.
Rents have been trending downward for well over a year and a half since the pandemic run-up, but renters are still paying considerably more than they did before. Realtor.com noted that the national rent is 14.4% higher than it was five years ago.
Despite the gradual drop in rents, multifamily housing has become less attractive to investors over the past few years. This has led to lower rental unit inventory for the future, which could push rents higher, according to Realtor.com’s senior economist Joel Berner.
Last year, less than 294,000 units in multifamily rentals were authorized for construction across the 50 largest metros, reaching the lowest level since 2017. Berner projects that if the supply of new rental units continues to shrink, the downward trend of rent prices will not hold.
“We expect rents to start to grow again in the coming years as the pace of new units hitting the market slows,” Berner warned.
-
Boeing stock rises as CFO says company will bleed less cash than thought
Boeing (BA) shares added more than 6% after CFO Brian West provided an upbeat update on the company’s business on Wednesday morning.
The planemaker’s cash burn this year is expected to be “hundreds of millions” of dollars lower than previously thought, West said at a Bank of America investor conference.
“We think we’re off to a good start for the year,” the finance chief said.
-
Roku jumps 10% on partnership with Trump’s DJT
Roku (ROKU) shares rose 10% in early trading following news that Trump Media & Technology Group (DJT), the parent company of President Trump’s social media platform Truth Social, has partnered with the tech and hardware company to launch a new app.
Trump Media, which also operates the fintech brand Truth.Fi and streaming platform Truth+, said Wednesday it launched a Roku TV-specific app for users to access the Truth+ platform.
“Now available in the Roku Channel Store, Truth+ offers family-friendly TV programming for patriotic Americans who want an alternative to woke entertainment corporations and biased news channels,” the company said in a press release.
Roku TV owners can download the Truth+ app directly from the Roku Channel Store to their TV sets. In the future, the company plans to introduce Truth+ native apps for additional connected TV platforms, including Samsung and LG.
“We’re bringing Truth+ to Roku and planning to release more TV apps soon,” Trump Media CEO and Chairman Devin Nunes said. “Truth+ is the singular option for non-woke TV and movies, as well as a great alternative to discredited legacy news channels that have squandered the trust of the American people.”
DJT shares rose 3% on the news, although the stock has fallen nearly 40% since the start of the year and is currently trading near the low end of its 52-week range.
-
Stocks nudge higher at the open as markets await Fed
Stocks moved slightly higher at the open of US trading on Wednesday.
The Dow Jones Industrial Average (^DJI) was up about 0.2%, while the S&P 500 (^GSPC) rose about 0.3%. The tech-heavy Nasdaq Composite (^IXIC) led the gains with a rise of nearly 0.6%, after the major gauges failed to muster a comeback on Tuesday with tech leading the way down.
Markets are expected to be in wait-and-see mode throughout the trading session ahead of the Federal Reserve’s policy announcement at 2 p.m. ET, followed by Chair Jerome Powell’s press conference about 30 minutes later.
-
Turkish markets nosedive after Erdoğan rival’s arrest
Turkish financial markets plunged after police there arrested Istanbul’s mayor, the main rival to President Erdoğan in Turkey’s next election.
Stocks on Turkey’s benchmark index dropped so fast that it triggered a trading halt, while its currency, the lira, tumbled over 10% to a record low against the dollar at one point.
The signs of a political purge spooked investors focused on the prospects for Turkey’s recent market-friendly policies.
Bloomberg reports:
-
Trending tickers in premarket trading: Tesla, Strategy, General Mills, Intel
Tesla (TSLA): Shares in the electric vehicle maker bounced back by 3% in premarket trading after the stock sold off Tuesday on new competitive pressures from Chinese rivals BYD, Xiaomi, and XPeng. Tesla stock has provided a windfall for short sellers this year, as it’s down over 44% since the start of 2025.
Also on Wednesday, Howard Lutnick’s Cantor Fitzgerald upgraded Tesla shares to a Buy rating, writing that the recent sell-off “represents an attractive entry point for investors.”
NasdaqGS – Nasdaq Real Time Price USD
As of 11:23:19 AM EDT. Market Open.
Strategy (MSTR): The bitcoin holder formerly known as MicroStrategy rose 1.9% in early trading and looks poised to stage a comeback from yesterday’s sell-off. The Michael Saylor-run firm said it would be selling stock to buy more bitcoin on Tuesday, sending mixed signals to investors.
General Mills (GIS): Shares in the maker of Pillsbury and Cheerios fell nearly 4% premarket after General Mills forecast a sharp decline in annual sales and profit Wednesday morning. Consumers switching to private-label brands has hit the cereal and snack maker particularly hard.
Intel (INTC): Intel stock slipped premarket in a week where investors weighed incoming CEO Lip-Bu Tan’s AI plan to turn the ailing chipmaker’s business around. Shares are off by 2.5% after a five-day winning streak.
-
Wall Street wants new clarity from the Fed and Powell
Wall Street is convinced the Fed won’t make any move on interest rates today, given the risk of Trump’s tariffs hitting the economy. “Uncertainty” is the watchword it expects to hear.
“Fed Chair Powell is probably going to say that over and over,” Wilmington Trust portfolio manager Wil Stith said.
Investors are focused instead on the 2 p.m. ET release of the Fed’s quarterly forecasts — otherwise known as the Summary of Economic Projections (SEP) — for any clues to the path forward, Yahoo Finance’s Jennifer Schonberger reports.
-
Nvidia edges into the green as Wall Street weighs GTC news
Nvidia (NVDA) shares turned slightly higher in premarket trading, up about 1% as investors digested a stream of news from the chipmaker’s annual GTC event.
The highlight: the next-gen Blackwell Ultra chip, unveiled by CEO Jensen Huang in his keynote on Tuesday. The latest: Nvidia is joining an Abu Dhabi-backed project to develop AI infrastructure pioneered by Microsoft (MSFT) and BlackRock (BLK).
NasdaqGS – Nasdaq Real Time Price USD
As of 11:23:19 AM EDT. Market Open.
The stock is set to claw back some losses after the AI bellwether’s shares closed over 3% lower on Tuesday. But the jury is still out on whether Nvidia has given its stock bulls the truly fresh catalyst they want, Yahoo Finance’s Brian Sozzi reports.
“Jensen delivered the goods and gave the grand AI vision for Nvidia, and that’s what long term investors want. Short term, traders wanted something more granular, and just like CES, that was unrealistic,” Wedbush tech analyst and Nvidia bull Dan Ives said. “We graded this [an] A+ keynote — inflection point in AI spend.”
-
Good morning. Here’s what’s happening today.
-
BofA recommends caution, fearing China’s stock rally to enter correction ‘soon’
Bloomberg reports:
-
Oil prices slide as 30-day ceasefire opens door for increase in supply
Oil prices continue a 3-month drop from January with news that Moscow and Kyiv have agreed to a ceasefire on energy infrastructure.
Reuters reports:
![i’m-nervous,-too!-[part-2]](https://10xwealthreport.com/wp-content/uploads/2026/03/177042-im-nervous-too-part-2-1568x784.jpg)
