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Wall Street Preview: The Federal Reserve Tiptoes the Line Between Hawk and Dove

Wall Street is gaining once again on Thursday.

U.S. stock futures were pointing to gains on Wall Street after Facebook Inc. (FB) - Get Meta Platforms Inc. Class A Report  shares jumped and investors on Thursday, July 27, looked push the major stock indexes to further records.  Stocks in the U.S. notched new records with modest gains on Wednesday, July 26, after the Federal Reserve tiptoed the line between hawk and dove. The S&P 500 added 0.03% to 2,477 on Wednesday, the Dow Jones Industrial Average gained 0.45% to 21,711, and the Nasdaq climbed 0.16% to 6,422. The S&P 500 and Nasdaq were at records for their second day in a row.

The Fed on Wednesday left interest rates unchanged and said it would implement changes to its balance sheet "relatively soon" provided the economy expands as expected. Previous language in the Fed's statement had said those changes would come this year.

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