S&P Nears Record High After Interest-Rate Decision

S&P Nears Record High After Interest-Rate Decision

Kate Austin, equity research analyst at Adviser Investments, has the market analysis for Wednesday, June 19. Major U.S. stock indexes advanced for the third consecutive day with the S&P 500 less than 1% shy of a new record high. The Dow Jones Industrial Average, S&P and NASDAQ rose 0.2%, 0.3% and 0.4%, respectively.  Today’s movement was prompted by news that interest rates will remain unchanged in the 2.25 to 2.5% target range as the Federal Reserve continues to monitor market “uncertainties.” In other news, American Airlines’ stock rose 2.4% after the company announced its order for 50 new long-range, single-aisle planes from Airbus SE.

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