Stocks Rise Ahead of Fed Meeting; AMD Surges on Strong Chip Guidance
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U.S. stocks rose ahead of the Fed's latest policy decision, extending gains from the last two days. The Nasdaq led advances.
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Earnings were mixed, with AMD surging on chip sales guidance but Paycom plunging on weak quarterly outlook.
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The Fed is widely expected to hold steady on rates, but hints on future hikes will be key.
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Economic data was mixed, with job openings rising but manufacturing activity contracting in October.
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Treasury yields fell as bond prices rose after lower-than-expected quarterly refunding amounts from the Treasury.