LIVE BLOG17 Jun 2026 | 06:34:13 PM ISTUS stock futures edged higher on Wednesday, led by gains in chipmakers.SynopsisFOMC Meeting Today Live Updates | US Stock Market Live: Wall Street's major indexes closed mixed in the previous session after a strong rally earlier in the week, fueled by optimism over a preliminary US-Iran peace agreement that drove oil prices lower and eased concerns about inflation.FOMC Meeting Today Live Updates | US Stock Market Live: US stock futures edged higher on Wednesday, led by gains in chipmakers, as investors awaited the first interest-rate decision under new Federal Reserve Chair Kevin Warsh. Policymakers are expected to hold interest rates unchanged at the 3.50%-3.75% range at the ​Fed meeting on Wednesday, as they wrestle with inflation pressures from higher oil prices fueled by the Middle East war.When is the Fed meeting?The U.S. central ​bank's decision is due at 2:00 p.m. ET, and investors will keep a close watch on the new Fed chair's first press conference for his views on inflation, unemployment and the economic outlook. Show more Show less1 New UpdateFED Meeting Live | Dow Jones | US Stock Market Live: US retail sales beat expectations in May as energy costs stay highUS retail sales surged past expectations in May, government data showed Wednesday, boosted by greater spending at gasoline stations as energy costs remained elevated amid fallout from the Middle East war. Sales were up 0.9 percent from April at $763.7 billion, the Department of Commerce said.This was a bigger jump than the 0.5 percent rise that economists surveyed by the Dow Jones Newswires and The Wall Street Journal expected.FED Meeting Live | Dow Jones | US Stock Market Live: Aluminium claws back ground as traders buy the dipAluminium climbed on Wednesday as dip-buying spurred ​a partial recovery from ​the steep drop in prices at the start of the ​week, when a U.S.-Iran peace agreement eased supply fears.Benchmark three-month aluminium on the London Metal Exchange was up 0.6% at $3,408 per metric ton in official open outcry activity. The ‌metal had ⁠slumped to ⁠a 2-1/2-month low of $3,334 in the previous session, when details of the U.S.-Iran memorandum ​to end the war in the Middle East began to emerge.FED Meeting Live | Dow Jones | US Stock Market Live: La-Z-Boy soars 16% on upbeat results; CarMax rises on revenue beatShares of La-Z-Boy surged 15.7% in premarket trading after the furniture maker reported fourth-quarter sales and profit that topped analysts' expectations. Used-car retailer CarMax also advanced 3.6% after posting first-quarter revenue that came in above Wall Street estimates, adding to positive sentiment in consumer-focused stocks.FED Meeting Live | Dow Jones | US Stock Market Live: Chip stocks rebound ahead of Fed; SpaceX extends rally after topping AmazonSemiconductor stocks led premarket gains on Wednesday, with shares of Broadcom, Micron Technology, Advanced Micro Devices and Intel rising between 1.5% and 3.5% as investors positioned for the Federal Reserve's policy decision. SpaceX also advanced nearly 3%, extending its post-IPO rally after surpassing Amazon's market value a day earlier to become the world's fifth-most valuable listed company.FED Meeting Live | Dow Jones | US Stock Market Live: Oil hovers near 3-month low on US-Iran truce hopes, but uncertainty lingersOil prices remained near three-month lows on Wednesday as hopes for a lasting ceasefire between the United States and Iran eased concerns over supply disruptions through the Strait of Hormuz. Sentiment was supported by reports that the two sides had extended a fragile truce by 60 days to allow further negotiations, although some uncertainty persisted after US President Donald Trump said the memorandum of understanding was not yet final and warned military action could resume if talks falter.FED Meeting Live | Dow Jones | US Stock Market Live: All eyes on Warsh as markets await first Fed decisionInvestors are closely watching the Federal Reserve's policy decision due at 2 p.m. ET, with the central bank widely expected to keep interest rates unchanged. Focus will be on Chair Kevin Warsh's first post-meeting press conference, where markets will seek clues on inflation, employment and the economic outlook. Traders currently see a nearly 43% chance of a 25-basis-point rate hike in December, while economists expect Warsh to strike a cautious tone and avoid signaling a major departure from the committee's stance.FED Meeting Live | Dow Jones | US Stock Market Live: S&P, Nasdaq futures edge higher as chip stocks rebound ahead of Fed decisionU.S. stock futures were mixed on Wednesday, with the S&P 500 and Nasdaq edging higher as a rebound in chip stocks lifted sentiment ahead of the first interest-rate decision under new Federal Reserve Chair Kevin Warsh. Investors remained cautious after Wall Street ended mixed in the previous session, following a powerful rally fueled by optimism over a U.S.-Iran peace deal that eased inflation concerns by sending oil prices sharply lower.