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But we saved everything 🙂.
Investors analyzed new economic data on retail spending for May, but attention turned sharply to the Federal Open Market Committee meeting, now led by Chairman Kevin Warsh.
Market participants expect the outcome of this meeting to serve as the principal catalyst for immediate market movements, eclipsing this morning's economic releases. This leadership transition at the central bank could mean policy shifts that investors will scrutinize closely for signals on future interest rates and overall economic strategy.
Recently, S&P 500 futures rose as investors watched for the SpaceX IPO debut and developments in U.S.–Iran diplomacy, according to Value Line. A separate report cited stronger investor sentiment tied to semiconductor gains and an improved outlook on Middle East conflict earlier this quarter. These events have contributed to cautious positioning ahead of the Fed meeting.