Futures are marginally lower this morning. Markets are trading with a cautious tone as investors position ahead of a high-stakes Federal Reserve decision and a dense slate of mega-cap earnings. The primary focus is the Federal Reserve, which is widely expected to hold rates steady, but forward guidance is in focus. Policymakers are expected to address the recent rebound in energy prices and whether that complicates the path toward rate cuts later this year. Oil remaining elevated near triple-digit levels continues to hover over the inflation outlook, creating tension between strong growth signals and persistent price pressures.
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Trade BE with leverageEarnings are also front and center, with reports from Microsoft, Meta, Alphabet and Amazon all due after the close. These results are seen as critical for validating the durability of AI-driven spending trends. So far this earnings season, results have broadly exceeded expectations.
While semiconductors and AI-linked names continue to underpin index performance, other areas, especially consumer-facing sectors, are showing strain as higher fuel costs and tighter financial conditions weigh on sentiment.
In pre-market trading, S&P 500 futures fell 0.05%, Nasdaq futures rose 0.22% and Dow futures fell 0.09%.
Check out this morning’s top movers from around Wall Street, compiled by The Fly.
UP AFTER EARNINGS –
- NXP Semiconductors (NXPI) up 21%
- Bloom Energy (BE) up 18%
- Seagate (STX) up 15%
- Brinker (EAT) up 10%
- Teva (TEVA) up 9%
- Etsy (ETSY) up 7%
- General Dynamics (GD) up 5%
- UBS (UBS) up 5%
- AbbVie (ABBV) up 1%
- Biogen (BIIB) up 1%
DOWN AFTER EARNINGS –
- Avis Budget (CAR) down 18%
- O-I Glass (OI) down 17%
- Robinhood (HOOD) down 11%
- SoFi Technologies (SOFI) down 8%
- Wingstop (WING) down 8%
- GSK (GSK) down 6%
- GE HealthCare (GEHC) down 6%
- Enphase Energy (ENPH) down 6%
- Humana (HUM) down 2%
- Regeneron (REGN) down 1%
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
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