The Dow Jones hit a new record today while Nasdaq fell 1.15% on chip stock profit-taking. A split market.
Investors are moving from high-growth tech into value and dividend stocks as rate uncertainty grows under Warsh.
The S&P 500 fell -0.57% to 7,511. Nvidia and other chip stocks dragged the index despite Dow's record strength.
SpaceX's 5% gain pushed its valuation above Amazon, adding optimism for growth investors despite rate concerns.
FOMC outcome at 2:30 PM ET will determine if the Dow ATH holds or reverses. A rate hike signal could reverse gains.