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Stocks Edge Higher as the Magnificent Seven Recover [Globe and Mail, The (Toronto, Canada)]
Last tesla, inc. earnings: 4/29 04:11 pm
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US:NASDAQ Investor Relations: ir.tesla.com
Stock indexes today are moderately higher ahead of the results of today's FOMC meeting. A rebound in the Magnificent Seven stocks today from Tuesday's selloff supports gains in the broader market. Tesla is up more than +2% after California granted the company approval to begin carrying passengers in its vehicles in a step toward fide-hailing services. Also, Nvidia is up more than +1% after CEO Huang, at an AI conference, unveiled more powerful chips and related technology that he said would provide a clearer payoff to customers. Market attention will focus on the results of the Tue-Wed FOMC meeting (expected no change to the 4.25%-4.50% federal funds target range). The markets will also look at the Fed's economic projections and dot-plot for the future path of interest rates, along with post-meeting comments from Fed Chair Powell. US MBA mortgage applications fell -6.2% in the week ended March 14, with the purchase mortgage applications sub-index up +0.1% and the refinancing mortgag
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