Investors react to the Federal Reserve's policy decision and Chairman Jerome Powell's press conference, as well as results from Meta, Microsoft and Tesla.

IBM projected constant currency revenue to grow 5% in the full year, above estimates for 4.81% growth. Meanwhile, the company forecasted free cash flow of $13.5 billion for the full year, above the $12.92 billion Wall Street had expected. IBM also said its generative AI book business now stands at more than $5 billion.

Dow Jones stocks edged higher in the stock market today as investors awaited Powell's remarks and earnings from three tech titans.

Technology stocks were dragging down the major indexes ahead of a gauntlet of key earnings reports. It would be rising solidly if not for Nvidia, down 4.6%, Salesforce, down 2%, and Microsoft, down 0.

Follow the market action on Wednesday to see whether the post-DeepSeek rally can continue and how investors react to the Federal Reserve rate decision and results from Meta, Microsoft and Tesla loom.

Major averages are little changed on Wednesday, as investors turned their focus to the upcoming interest rate decision, and big tech earnings slated for later in the day. Early on and the S&P 500 (SP500) was -0.