US tech stocks rise as investors await Fed rate decision and Big Tech earnings
SKHY SK Hynix Inc ADR
$129.66 -3.51%
View chart & analysis → - 1US index futures remain nearly unchanged as investors await Big Tech earnings reports and the Fed's interest rate decision.
- 2Broadcom shares rose 4% on Tuesday following the announcement of a $63 billion chip and networking solutions purchase by a banking group.
- 3AMD shares rose 5.5% on Tuesday, while Micron Technology shares rose 2.8%.
So what's the key point?
US tech stock prices did not move much as companies prepare to release earnings and the Fed prepares to decide on interest rates. Broadcom rose 4% due to a $63 billion purchase announcement, and other tech stocks also increased.
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