Dow Jones Awaits Fed Chief Powell’s Rate Hike; Chegg Falls On AI Apocalypse

The Dow Jones Industrial Average fell more than 1% as the Fed meeting got underway Tuesday. The S&P 500 and the Nasdaq showed similar declines in early trading. X The number of job openings fell to 9.59 million in March, 1.6 million fewer than in December, according to the Job Openings and Labor Turnover Survey (JOLT) report. Factory orders rose 0.9% in March versus February’s decline of 0.7%. Orders for commercial aircraft accounted for the increase. The CME FedWatch Tool reflects a 94.1% chance of a 25-basis point hike Wednesday, bringing the effective interest rate to the 5% to 5.25%…