The Dow, S&P 500, and Nasdaq Split Ahead of a Near-Certain Rate Hike

Key Points Futures put better than 90% odds on a quarter-point hike to a 3.75% to 4% range. It would be the Fed's first rate increase since July 2023, after six cuts totaling 1.75 points. The Fed's updated dot plot will include 2029 projections for the first time. 10 stocks we like better than Dow Jones Industrial Average › Both of the things that started this week on a sour note eased off on Wednesday. Oil fell and bond yields backed away from 5%; The market responded by going in three different directions at once. The Nasdaq Composite (NASDAQINDEX: ^IXIC) was up 0.7% as of 12:41 p.m. ET, the S&P 500 (SNPINDEX: ^GSPC) added 0.3%, and the Dow Jones Industrial Average (DJINDICES: ^DJI) went nowhere at all, down less than 0.1%.