HomeTechHardwareStock Market Today Impacted By FOMC, AMD, EA, SNAP, META

Stock Market Today Impacted By FOMC, AMD, EA, SNAP, META

Dow Jones today was relatively flat, while the Nasdaq-100, S&P 500 Index or SPX, and Russell 2000 closed higher. Stocks rallied after the FOMC raise rates by 25 BPS. Jerome Powell has stated that while inflation has eased, the Federal Reserve's work is not done. Next, Renita Young weighs in on AMD Inc. (AMD) stock price rallying after a strong earnings report. On the other hand, Electronic Arts (EA) shares plummeted after a forecast miss and delays in game releases. Also, Snap Inc. (SNAP) price targets were cut by analysts after their earnings call. Lastly, Meta Platforms (META) stock price rose in the post-market session after a revenue beat.

01 Feb 2023

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