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The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
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Sign InU.S. stock indices opened lower on Wednesday, with the Dow Jones Industrial Average falling 92 points at the start of the session. The S&P 500 slipped 0.18% and the Nasdaq Composite fell 0.47%, extending the downward momentum from previous profit-taking in NVIDIA and the semiconductor sector. These declines come as the Federal Reserve's policy meeting continues, compounded by rising market concerns regarding elevated oil prices and geopolitical tensions. Despite OpenAI's denial of negative growth reports, caution remains prevalent across the technology landscape. Investors are now closely monitoring the Fed's guidance on interest rates alongside the potential impact of energy costs on inflation. The current market sentiment reflects a blend of geopolitical anxiety and anticipation of the central bank's next move.