The Dow has shaved roughly 24 points at midday
| |  6/16/2021 | | | Have you seen our volatility scorecard? Sign up by clicking here! | Stocks Muted Ahead of Big Fed Announcement | By: Fernanda Horner | | Wall Street is holding its collective breath ahead of the conclusion of the Federal Reserve's two-day policy meeting, with stocks reflecting that muted sentiment at midday, as investors await comments from Fed Chairman Jerome Powell. The Dow Jones Industrial Average (DJI) was last seen down 24 points, erasing some of this morning's losses. Meanwhile, the S&P 500 Index (SPX) is hovering just below its breakeven, while the Nasdaq Composite (IXIC) is sporting modest gains. Ahead of the big announcement, traders are poring over a slew of economic data, including a rise in U.S. import prices and housing starts. Commodities are also in focus, after China said it plans to release industrial metals such as zinc, copper and aluminum from its national reserves, which would lead to a further reduction of some of those prices. Continue reading for more on today's market, including: - Upgrade tailwinds are helping these 2 cruise stocks sail higher.
- Fresh analyst coverage is giving SoFi Technologies stock a boost.
- Plus, options traders blast tech name; KIN surges after million-dollar buyout; and discounted stock offering sinks IKT.
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