Stock Market Today: Stocks waver with Fed rate decision in focus
Stocks are looking to their first gains of the week but need to navigate a tricky Fed rate decision later in the session.
U.S. stocks were mixed in midday Wednesday trading, while the dollar snapped its recent run of declines and Treasury yields steadied, as investors looked to a key Federal Reserve policy meeting buoyed by nascent trade talks between Washington and Beijing.
Updated at 11:23 AM EDT
Searching questions
Google shares are moving firmly lower in late morning trading following comments from Apple's head of services, Eddy Cue, who said the tech giant might consider adding AI-powered additions to its search browser.
Apple, which currently has a revenue-sharing agreement with Google, said it was considering Perplexity or Anthropic for the Safari browser after it saw the first-ever decline in overall search last month. The Apple/Google revenue share is worth around $20 billion a year.
Google shares were last marked 4.9% lower at $157.05 each while Apple slid 2.06% to $194.42 each.
$AAPL, browser searches in browser fell for first time in April $GOOG, could be overshadowed by ChatGPT $MSFT pic.twitter.com/OcRNDb99KO— Special Situations
