March 20, 2024 1:06 PM | 2 min learn It’s a quiet session on Wall Avenue Wednesday as buyers stay on the sidelines, awaiting additional clues on financial coverage entrance with the Federal Open Market Committee (FOMC) assembly scheduled for two p.m. ET. Fed Chair Jerome Powell is about to talk shortly after the assertion at 2:30 p.m.Whereas charges are anticipated to stay unchanged at 5.25%-5.5%, the highlight might be centered on updates to Fed financial projections, notably the dot plot, which is able to unveil the potential trajectory of charge cuts sooner or later.ENTER TO WIN $500 IN STOCK OR CRYPTOEnter your electronic mail and you will additionally get Benzinga’s final morning replace AND a free $30 present card and extra!Market individuals and economists anticipate the Fed will adhere to a technique of three charge cuts for 2024, however there are considerations of a possible hawkish shift, suggesting fewer projected charge cuts following current inflation surprises.At noon buying and selling in New York, each fairness indices and Treasury yields confirmed flat performances. Sectors had been principally unaffected by minor fluctuations, though power shares skilled some pullbacks after current positive aspects attributable to a 1.9% easing in oil costs.Bitcoin (CRYPTO: BTC) made an try and rebound, rising 3% to $63,600, after dropping as little as $60,000 in a single day.Wednesday’s Efficiency In Main Fairness Indices, ETFs Bitcoin $100,000 in 2024? Will you miss out? Or will you be ready to revenue? Don’t get caught on the sidelines. In order for you professional crypto schooling and steerage earlier than this bull run goes any increased—Get Benzinga Crypto For Simply $1. Main IndicesPrice1-day %chgRussell 2000202.240.1 %S&P 5005,181.360.1percentDow Jones39,128.000.0percentNasdaq 10018,027.150.0percentThe SPDR S&P 500 ETF Belief (NYSE:SPY) was flat at $515.71, the SPDR Dow Jones Industrial Common (NYSE:DIA) held regular at $391.07 and the tech-heavy Invesco QQQ Belief (NASDAQ:QQQ) held regular at $438.80, based on Benzinga Professional information. Amongst sectors, the Financials Choose Sector SPDR Fund (NYSE:XLF) was the highest performer for the day, up 0.6%, whereas the Power Choose Sector SPDR Fund (NYSE:XLE) and the Well being Care Choose Sector SPDR Fund (NYSE:XLV) had been the laggards, each down 0.6%. Wednesday’s Inventory MoversIntel Corp. (NASDAQ:INTC) fell marginally by 0.3% regardless of the Biden administration granting the chipmaker as much as $8.5 billion to fund chip crops in Arizona, New Mexico, Ohio and Oregon. Spotify Know-how S.A. (NYSE:SPOT) rose almost 1.5% after Financial institution of America raised the worth goal for the streaming music large from $265 to $315. Crocs Inc. (NASDAQ:CROX) rallied 3% after Financial institution of America raised the worth goal from $140 to $150. Tencent Music Leisure Group (NYSE:TME) rose over 4% after Goldman Sachs upgraded the inventory from Impartial to Purchase. Spirit AeroSystems (NYSE:SPR) rocketed by almost 7% after Boeing Co. (NYSE:BA)’s CEO Brian West hinted on the potential recombination of the 2 entities.Chipotle Mexican Grill Inc. (NYSE:CMG) surged 4% after experiences that the restaurant chain’s board had given the inexperienced mild to a 50-for-1 inventory break up.Equinix Inc. (NASDAQ:EQIX) fell over 4% following the publication of a report by short-seller Hindenburg that alleges accounting manipulations. Learn now: Investor Optimism Hits 2-Yr Excessive, But Division Over AI, Magnificent 7 Bubble Emerges: Onset Of The Nice Rotation?Illustration by way of Shutterstock and Federal Reserve Flickr. © 2024 Benzinga.com. Benzinga doesn’t present funding recommendation. All rights reserved.