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U.S. stocks ended sharply lower on Wednesday after the Federal Reserve kept interest rates unchanged, raising fears that the central bank could face major challenges in taming sky-high inflation. Also, AI-related semiconductor stocks continued their decline ahead of quarterly results from a batch of big tech companies. All three major indexes ended in negative territory

Next Tuesday, Aug. 4, is going to be a big day in the stock market. The IPO stock Space Exploration Technologies (NASDAQ: SPCX) will report its first earnings as a public company. Investors are expecting massive growth and guidance from the Elon Musk enterprise, which was the largest IPO in history earlier this year

The stock market’s had a strong run in 2026, but nerves are creeping back in. Fresh conflict in the Middle East has pushed oil and gas prices higher, sparking fears that rising energy costs could reignite inflation and derail the rally