Producers of metals and other raw materials rose as the U.S. dollar lost ground against rivals in the wake of mixed economic data.
Investors are hoping the Federal Reserve will provide hints about rate-cut plans following weak economic data, even as it likely leaves rates unchanged in its Wednesday policy statement.
"The summary of economic protections will be the focal point," said J.D. Joyce, president of Houston financial advisory Joyce Wealth Management. "That is, unless the Fed does the unexpected." As a general rule, Joyce said, the "Powell Fed does not do the unexpected."
Nippon Steel and U.S. Steel received an extension for their lawsuit over their proposed merger, allowing negotiations with the U.S. government to go on longer.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
March 17, 2025 16:44 ET (20:44 GMT)
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