FX.co ★ US Stocks Hold Gains After FOMC Minutes

US stock indices advanced on Wednesday as investors reassessed the long‑term impact of AI disruption on the technology sector and held to expectations for Federal Reserve rate cuts. The Nasdaq 100 climbed 1%, the S&P 500 rose 0.5%, and the Dow added about 200 points.

Interest rate futures continued to price in multiple Fed cuts this year, even as minutes from the central bank’s latest meeting showed that many FOMC members warned disinflation could be slow and uneven.

Nvidia gained 2% after Meta said it plans to deploy millions of Nvidia chips in its new data center, helping the stock rebound from recent weakness driven by doubts over whether heavy AI infrastructure spending will translate into stronger revenues.

Amazon and Micron climbed 2.5% and 7%, respectively, after major asset managers disclosed increased stakes in both companies. In contrast, Palo Alto Networks sank as much as 10% after issuing earnings guidance that fell short of market expectations.