Investors are awaiting a House vote on the temporary spending bill expected to end the record-long government shutdown.
Meanwhile, the 10-year Treasury bond yielded 4.08% and the two-year bond was at 3.56%. The CME Group's FedWatch tool‘s projections show markets pricing a 63.4% likelihood of the Federal Reserve cutting the current interest rates during its December meeting.
Futures
Change (+/-)
Dow Jones
0.17%
S&P 500
0.40%
Nasdaq 100
0.71%
Russell 2000
0.19%
The SPDR S&P 500 ETF Trust (NYSE:SPY) and Invesco QQQ Trust ETF (NASDAQ:QQQ), which track the S&P 500 index and Nasdaq 100 index, respectively, were higher in premarket on Wednesday. The SPY was up 0.37% at $685.55, while the QQQ advanced 0.68% to $625.79, according to Benzinga Pro data.
Stocks In Focus
Cisco Systems
Cisco Systems Inc. (NASDAQ:CSCO) was up 0.49% in premarket on Wednesday as analysts expect it to report quarterly earnings at 98 cents per share on revenue of $14.77 billion, after the closing bell.
Benzinga’s Edge Stock Rankings indicate that CSCO maintains a stronger price trend over the short, medium, and long terms, with a poor value ranking. Additional performance details are available here.
Advanced Micro Devices
Advanced Micro Devices Inc. (NASDAQ:AMD) jumped 5.13% in pre-market after its analyst day on Tuesday, during which the company made bold projections regarding its near-term future and that of the broader AI chip and data center industry.
AMD maintained a stronger price trend over the short, medium, and long terms, with a solid quality ranking. Additional performance details, as per Benzinga’s Edge Stock Rankings, are available here.
