Mar 20 | Daily Finance News

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U.S. STOCK PICKS

The S&P 500 was little changed Wednesday as investors awaited the latest Federal Reserve policy decision.
Wall Street eagerly awaits the Federal Reserve’s latest rate decision, with the central bank broadly anticipated to keep interest rates unchanged at the conclusion of its two-day policy meeting. Officials also will release their quarterly update on the economy, specifically for gross domestic product, inflation and the unemployment rate.
Intel rose more than 1% on news that the White House plans to award the semiconductor company $8.5 billion in CHIPS Act grants.
Chipotle Mexican Grill popped nearly 7% after announcing a stock split.
Reddit investor Tom Sosnoff says IPO could benefit from being the only ‘pure social media’ stock.
Weekly mortgage demand drops as interest rates rise again, but Fed announcement will be key for spring market.

Canada real estate: Cottage market expected to bounce back in 2024, says Royal LePage.
After Statistics Canada released its consumer price index (CPI) report on Tuesday, showing annual inflation dropped 2.8 per cent with figures appearing softer than expected. Senior economist Kiefer Van Mulligen said that the persistence of elevated price growth for services is “the elephant in the inflationary room.”

Closing: 4:00 PM EST

*All information sourced from news portals such as CNBC, Yahoo Finance, Reuters, etc.