Stocks Uneasy Ahead of Fed Meeting; Disney and Microsoft Show Resilience
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Dow Jones futures dropped along with other major indexes Tuesday ahead of the Federal Reserve's policy meeting this week.
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AI stock Super Micro Computer plunged 10% Tuesday after announcing a stock offering of 2 million shares.
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The Fed's interest rate decision looms Wednesday; Fed Chair Jerome Powell may signal a near-term rate cut.
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Housing starts and permits for February topped economist estimates in a positive sign for the economy.
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Disney stock broke out past a 112.92 buy point Monday while software leader Microsoft found support at its 50-day line last week.