Reuters Videos Thu, January 29, 2026 at 7:46 AM GMT+8

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STORY: U.S. stocks finished little changed Wednesday with the Dow and S&P 500 basically flat and the Nasdaq up fractionally.The Federal Reserve kept interest rates unchanged as expected and gave little indication when borrowing costs might fall again.Dean Smith, chief strategist and portfolio manager with FolioBeyond, says he believes the Fed thinks they achieved the soft landing they were aiming for."In the statement that was released, they said inflation is a little higher than we would like, but it's not accelerating. They're attributing that largely to tariffs. They also said that the labor market has stabilized at what appears to be, most people would agree, around full employment, 4.3, 4.5% in there. So they're claiming victory. They're going to be on hold for a while, and that's going to be the case regardless of who the next Fed chairman is."Investors were also focused on the flood of earnings reports coming in. After the closing bell, three of the "Magnificent Seven" tech firms released results.Shares of Meta rose 10% in extended trading after forecasting a sharp rise in its annual capital expenditures as it builds artificial intelligence infrastructure.Microsoft fell 7% after boosting AI spending and only edging past estimates for quarterly revenue in its crucial cloud-computing business.And Tesla added 3%. The EV maker said it will invest $2 billion in CEO Elon Musk's artificial intelligence company xAI. It also said production plans for its Cybercab robotaxi and Semi trucks were on track for this year.During the trading session, Texas Instruments’ stock jumped 10% after the analog chipmaker forecast first-quarter revenue and profit above Wall Street estimates. And AT&T shares added more than four and a half percent after the U.S. carrier projected annual profit above market expectations.