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Stock market today: S&P 500 futures slide with Fed's Powell in the spotlight [Yahoo! Finance]
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S&P 500 ( ^GSPC ) futures fell 0.4%, while Dow Jones Industrial Average ( ^DJI ) futures shed 0.2%. Contracts on the tech-heavy Nasdaq 100 ( ^NDX ) led the way lower with a 0.6% drop. Disappointing after-hours results from chipmaker AMD AMD ) and server maker Super Micro Computer SMCI ) took the shine off hopes for an AI-fueled boost to the sector. That dragged down their shares and weighed more broadly on chipmakers like Nvidia ( NVDA ) in Wednesday's early going. At the same time, stocks are coming off a bruising session and their worst month this year , after a sharp rise in US labor costs cemented the idea that Fed policymakers will keep interest rates higher for longer. The Fed is widely expected to keep rates at a 23-year high later Wednesday, which means investors are focused on what clues Chair Jerome Powell has to offer to when and whether easing might begin. Given inflation is proving harder to cool than foreseen, many expect Powell to reiterate the message that polic
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