U.S. stocks opened largely flat on Friday after surging to a new all-time high in the previous session, with Wall Street’s attention now firmly on the upcoming Federal Reserve meeting.
Summary
Stocks were little changed on Friday after outperforming on Thursday to extend weekly gains.
Investors are now awaiting the highly-anticipated Federal Reserve interest rates decision next week.
The Dow Jones Industrial Average was down 0.14%, or 60 points, while the S&P 500 hovered around 6,587, down 0.08%. Meanwhile, the Nasdaq Composite was near the flat line at -0.02%. But all the major indexes remained near fresh highs, with U.S. stocks on track for a positive week.
Notably, investor attention is on the Federal Reserve, with the U.S. central bank’s September meeting a highly anticipated event.
The stock market’s upbeat picture also had cryptocurrencies trending upward. Bitcoin Bitcoin
btc
0.68%
Bitcoin held onto gains after breaking above $114,000, while a likely altcoin bounce pushed the likes of Solana and XRP higher.
