Benchmarks for US stocks opened on Wednesday with gains as investors expected the conclusion of a Federal Reserve policy meeting later in the day, saw talks about a coronavirus aid package in Congress and They waited for a highly anticipated Congressional audience with the Silicon Valley giants and e-commerce. The Dow Jones Industrial Average DJIA,
rose less than 0.1% at 26,404, the S&P 500 SPX Index,
opened 0.4% at 3,230, while the Nasdaq COMP composite index,
It advanced 0.7% to 10,474. The Federal Reserve will conclude a two-day policy meeting later on Wednesday, with a statement due at 2 pm EST, followed by President Jerome Powell’s press conference at 2:30 pm Meanwhile, an antitrust subcommittee of the House Judiciary will speak to the bosses later. from Amazon.com AMZN,
Matrix of Google Alphabet Inc. GOOG,
GOOGL,
Facebook Inc. FB,
and Apple Inc. AAPL,
In economic news, the United States trade deficit in goods showed a 6.1% decrease in June, as exports grew faster than imports, but the level of trade is still well below the levels of the previous year. due to the massive strain caused by the coronavirus. In other corporate news, Advanced Micro Devices Inc. shares AMD,
it soared after the chipmaker reported second-quarter earnings on Tuesday night that exceeded expectations and raised its forecast for the full year. Eastman Kodak Co. KODK Shares,
It rose 170% early Wednesday, extending its earnings after it announced Tuesday that it was receiving government funding to make generic drug ingredients. Investors continue to pay attention to negotiations between Republicans in Congress, Democrats and the White House on another coronavirus bailout package before the expiration of supplemental unemployment benefits at the end of the month.
.
