Federal Reserve to inject $16 billion in liquidity into U.S. markets this week

The Federal Reserve will inject $16,021,000,000 into the U.S. financial system this week through scheduled bill purchases, adding short-term liquidity that traders see as supportive for stocks.

U.S. equities are grinding higher ahead of the latest Fed meeting minutes, with the S&P 500 up 0.2%, the Nasdaq Composite up 0.2%, and the Dow Jones Industrial Average higher by 86 points.

Nvidia jumped 2% after Meta said it plans to deploy millions of Nvidia chips in new data centers, while Bitcoin remains stuck around $67,000.