Traders are weighing the possibility of direct US military involvement in the Israel-Iran war, now in its second week.

In our news wrap Wednesday, the U.S. Federal Reserve left interest rates unchanged for the fourth-straight time while officials indicated they expect to cut rates twice by the end of the year, the Supreme Court is reviving plans to store nuclear waste at sites in Texas and New Mexico and the FDA has approved the world's only twice-a-year injection for HIV prevention.

The ETF has a 0.35% expense ratio and is up by 8% year-to-date. The fund places a lot of trust in a few holdings. Nvidia (NASDAQ:NVDA), Taiwan Semiconductor (NYSE:TSM), and Broadcom (NASDAQ:AVGO) make up more than 40% of the fund’s total assets.

Officials are waiting to see if businesses manage higher costs from tariffs by trimming profits or pushing up prices.

For the fourth time this year, the Federal Reserve kept interest rates unchanged as it monitors the economic impact of President Trump’s tariffs. Officials had been prepared to lower rates, but growing uncertainty led them to hold steady.