US Stocks Slip 0.3% Ahead of Fed Decision

US equity indices fell on Wednesday, with S&P 500 down 0.3% to 7,117.31, Dow down 0.7% to 48,813.65, Nasdaq down 0.5% to 24,553.70.
Fed likely to keep rates at 3.50‑3.75% as inflation stays high and oil prices surge, with Powell’s board tenure under scrutiny.
Four Magnificent 7 firms—Alphabet, Microsoft, Amazon, Meta—report earnings after market close, with focus on AI‑related capex guidance and margin pressure.
Oil rose >6% to $111.10/barrel; Visa, NXP, Seagate surged, while Robinhood and GE HealthCare fell sharply.