News Snapshot:
The stock market rally showed resilience Wednesday. Indexes initially gave up ground on a surprisingly hawkish Federal Reserve rate-hike outlook, but closed mixed on relatively dovish comments from Fed chief Jerome Powell. X Dow Jones futures were little changed after hours, along with S&P 500 futures and Nasdaq futures. The central bank paused after the end of its two-day policy meeting Wednesday afternoon, but policymakers signaled that two more Fed rate hikes are coming. However, Fed chief Jerome Powell stressed that officials aren't locked into a July rate hike. Nvidia (NVDA) rose to a record high, a day after closing...
