Dow, S&P 500, Nasdaq Rise After Fed Rate Decision; Trump Tariffs; Nvidia, Tesla, and More Movers
Oil futures rise in a choppy session marked by mixed U.S. inventory data and geopolitical news.
The EIA reported a 1.7 million barrel increase in U.S. crude oil stocks, which was above the 500,000 barrel estimate in a Wall Street Journal survey of analysts.
Gasoline stocks fell less than expected as demand eased from the week before, while distillate inventories saw an unexpected 2.8 million barrel decline.
On the geopolitical front, a Russian pledge not to attack Ukrainian energy infrastructure was tempered by the idea that a ceasefire is still some time off.
The Fed kept interest rates steady as expected, but lowered its growth projections while raising its inflation outlook.
WTI settles up 0.4% at $67.16 a barrel, and Brent gains 0.3% to $70.78 a barrel.
