The Dow Jones and S&P 500 indices have performed well this year and are now hovering near record highs. They have rallied 13% and 17%, respectively, from their March lows, driven by the artificial intelligence boom and strong ETF inflows.
This article explores the key catalysts likely to move the markets during this shortened trading week, as US markets will be closed on Friday in observance of the Juneteenth holiday.
Dow Jones and S&P 500 Index To React to Fed Decision
The Federal Open Market Committee (FOMC) will conclude its two-day meeting on Wednesday. The bank is expected to leave interest rates unchanged between 3.50% and 3.75%.
This will be an important meeting because it will be the first one by Kevin Warsh, who became chair in May. As such, investors and economists will pay close attention to his statement.
