NewsWare’s Trade Talk: Wednesday, March 20

S&P Futures are lower this morning and are in a tight trading range which is typical pending an announcement by the Fed on monetary policy. The updated Dot Plot data will provide the markets with indication as to the timing and the number of possible rate cuts in 2024. Intel is showing strong gains this morning as they will be receiving an $8.5B grant from the Chips Act later today. Shares of Chipotle Mexican Grill are higher after the board approved a 50-for-1 split of the fast-casual restaurant chain's common stock. Boeing shares are lower as their CFO said that the company is limiting production of its 737 planes. European markets are mixed to lower and Oil prices are displaying weakness this morning ahead of a key stockpiles report.