Fed Decision Day: Markets Brace for Warsh’s Stance and Dot Plot Amid Mixed Session

Fed Expected to Hold Rates Steady, Focus Shifts to Dot Plot and Warsh’s Debut The Federal Reserve is overwhelmingly expected to keep its target range at 3.50%-3.75% at 2 p.m. ET, but the new dot plot and Chairman Kevin Warsh’s first press conference will be closely watched for clues on future policy. 1

Dow Scores Second Straight Record Close as Tech Stocks Slide The Dow Jones Industrial Average rose 328 points to 51,999.67, notching a second consecutive record high, while the S&P 500 fell 0.6% and the Nasdaq dropped 1.2%, pressured by a sharp sell-off in semiconductor shares. 234

Oil Crumbles Below $80 for First Time Since March on Iran Supply Optimism Brent crude settled at $78.96, down 5.1%, as details of the U.S.-Iran ceasefire deal raised expectations for the reopening of the Strait of Hormuz and a potential resumption of Iranian oil exports. 345

SpaceX Market Value Tops $2.6 Trillion, Overtaking Amazon and Briefly Microsoft SpaceX shares surged again Tuesday, closing at $201.68, as retail investor frenzy pushed the company’s market cap to $2.65 trillion, making it the world’s fifth-largest public firm, leapfrogging Amazon. 6

Nvidia, Broadcom, and Micron Lead Chip Stock Rout as AI Trade Wobbles Semiconductor shares tumbled sharply, with Nvidia down 2.4%, Broadcom off 4.4%, and Micron falling 6.2%, dragging the tech-heavy Nasdaq lower amid renewed valuation fears in the artificial intelligence sector. 347

SpaceX to Buy AI Coding Startup Cursor for $60 Billion SpaceX announced plans to acquire Cursor from parent company Anysphere in a $60 billion deal, marking a major push into artificial intelligence as the company expands beyond its rocket business. 3