Investors watch Fed meeting and Nvidia's AI announcements
U.S. stocks ended a rough week with a slight rally, but the S&P 500 and Nasdaq both fell for four consecutive weeks. The S&P 500 lost 2.3% and the Nasdaq dropped 2.4%, while the Dow experienced its worst weekly decline since March 2023. Key events this week include the Federal Reserve's policy meeting, where interest rates are expected to remain unchanged. Investors will focus on Fed Chair Jerome Powell's press conference and the Summary of Economic Projections for insights on inflation and economic growth. Nvidia's CEO Jensen Huang will present at the GTC conference, discussing new AI chip products. Additionally, Disney's annual shareholder meeting will address updates on succession planning and the launch of a standalone ESPN streaming service.