Overview

• The Federal Reserve maintained interest rates but raised inflation forecasts and trimmed GDP projections, influencing market sentiment.
• Nvidia announced plans to invest 'several hundred billion' dollars in U.S. manufacturing over the next four years, responding to trade policy impacts.
• Nike is expected to report declining revenue and earnings later today, with investors focused on its turnaround strategy under new leadership.
• Boeing shares surged nearly 7% after securing a major order from Japan Airlines and the CFO made optimistic comments on tariffs.
• Labor market data revealed rising jobless claims, while the Philadelphia Fed index dropped, signaling potential economic challenges.