LIVE MARKETS-S&P 500 ends with slight dip after Fed; semis rally to record

Reuters01-29
LIVE MARKETS-S&P 500 ends with slight dip after Fed; semis rally to record

Nasdaq, Dow end slightly green; S&P 500 edges lower

FOMC leaves rates unchanged

Real Estate weakest S&P 500 sector; Energy leads gainers

Dollar rallies ~0.5%; bitcoin edges up; crude up >1.5%; gold up >3.5%

US 10-Year Treasury yield rises to ~4.25%

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S&P 500 ENDS WITH SLIGHT DIP AFTER FED; SEMIS RALLY TO RECORD The S&P 500 .SPX ended down 0.01% on Wednesday, ending a five-day string of higher closes, after the Federal Reserve left rates unchanged and Fed Chair Jerome Powell poured water on the idea that an interest rate hike could lie ahead for the central bank, but the Nasdaq .IXIC rose for a sixth day in a row and an index of semiconductors .SOX hit a record closing high.

The S&P 500 earlier broke above the 7,000 mark for the first time before pulling back. The U.S. central bank cited still-elevated inflation alongside solid economic growth. Semis surged following an upbeat forecast from Texas Instruments TXN.O and other companies. TXN forecast first-quarter revenue and profit above Wall Street estimates. Shares of Nvidia NVDA.O rose 1.6%, while Texas Instruments was up 9.9%. The Communication Services .SPLRCL, Materials .SPLRCM and Energy .SPNY sectors all registered record closing highs as well. After the closing bell, shares of Microsoft MSFT.O are down about 4% and Meta Platforms META.O is up just over 5%, following the release of their quarterly results. Tesla TSLA.O also released results and is up about 3% in after-hours trading. Here is the closing snapshot:

(Caroline Valetkevitch) *****

EARLIER ON LIVE MARKETS:

US STOCKS BARELY BUDGE AFTER FED HOLDS RATES STEADY CLICK HERE

TEMPERATURES ARE FALLING BUT JANUARY BAROMETER SUGGESTS STOCKS WON'T FLY SOUTH CLICK HERE

BOFA CLIENTS BACK TO BUYING CLICK HERE

MORTGAGE RATES GAIN HEAT, BORROWERS GET COLD FEET CLICK HERE

S&P 500 BRIEFLY BREAKS 7,000 AS TECH CLIMBS; FED AHEAD CLICK HERE

FIFA WORLD CUP HYPE PUTS DIGITAL PLAYERS ON THE FRONT FOOT CLICK HERE

INDIA-EU TRADE PACT SEEN OFFERING LIMITED GAINS FOR EU EXPORTERS CLICK HERE

CHIP STOCKS SHOWING SOME FAT GAINS CLICK HERE

WHAT BUILDING A MINING SUPER-MAJOR TAKES CLICK HERE

SYMPATHY FOR THE DOLLAR CLICK HERE

EURO STRENGTH IS BACK, WHAT IT MEANS FOR EUROPE INC CLICK HERE

TECH UP, LUXURY DOWN CLICK HERE

BEFORE THE BELL: LOTS OF NEWS TO READ, START WITH ASML CLICK HERE

MORNING BID: TRUMP'S TALK DOWNS THE DOLLAR CLICK HERE

PostFOMCreax01282026 https://fingfx.thomsonreuters.com/gfx/buzz/zdpxjbxbepx/PostFOMC012282026.png

Closing snapshot https://fingfx.thomsonreuters.com/gfx/mkt/dwvkqbkgkvm/Pasted%20image%201769635453903.png

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