NYSE Content Advisory: Pre-Market update + S&P 500 trades within 1% of record
- Equities are little changed Wednesday morning after jumping by more than 1% on Tuesday. The DOW gained over 500 points while the S&P 500 sits just shy of a record high.
- Driving those gains were easing tensions in the
Middle East , resulting in crude oil prices falling by approximately 5% during Tuesday's session.President Trump announced a ceasefire agreement on Monday night. - Fed Chair Powell reiterated the
Central Bank's wait-and-see approach to cutting interest rates in a testimony before theHouse Financial Services Committee on Tuesday.The Fed last cut rates in December.
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