Tech Stocks Set for Rebound as Investors Await Fed Meeting -- WSJ

Dow Jones06-17 17:54

By Joe Wallace

Tech stocks look poised to rebound ahead of the Federal Reserve's first interest-rate decision under new chairman Kevin Warsh.

Futures tied to the Nasdaq 100 are up after the tech-heavy Nasdaq composite stumbled yesterday. Elon Musk's SpaceX rose premarket, putting the stock on track for a fourth day of gains after the company's IPO last week.

Brent crude oil futures are hovering near $79 a barrel, their lowest level since the first few days of the Iran war. Still, assuming a deal to stop the fighting holds, oil exports and production will take months to recover, the International Energy Agency said today.

The Fed is expected to keep rates steady when it announces its decision at 2 p.m. ET. Conversation at the central bank, however, is turning toward rate hikes rather than cuts, as my colleague Nick Timiraos reports.

This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage).

(END) Dow Jones Newswires

June 17, 2026 05:54 ET (09:54 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

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The full stream can be found by searching P/WSJL (WSJ Live Coverage). \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  June 17, 2026 05:54 ET (09:54 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":true,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"isLaohu8Offline":false,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.44.0","shortVersion":"4.44.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2644179897","isCrawlerRequest":true}