The Federal Open Market Committee’s two-day meeting begins today, with investors eyeing a rate cut decision tomorrow.
Meanwhile, the 10-year Treasury bond yielded 4.15% and the two-year bond was at 3.58%. The CME Group's FedWatch tool‘s projections show markets pricing an 89.4% likelihood of the Federal Reserve cutting the current interest rates during its December meeting.
Futures
Change (+/-)
Dow Jones
0.04%
S&P 500
0.06%
Nasdaq 100
0.02%
Russell 2000
-0.06%
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 Tuesday. The SPY was up 0.063% at $684.06, while the QQQ advanced 0.016% to $624.38, according to Benzinga Pro data.
Stocks In Focus
Ares Management
Ares Management Corp. (NYSE:ARES) jumped 8.71% following the announcement of its inclusion in the S&P 500 index, effective from Dec. 11.
Benzinga’s Edge Stock Rankings indicate that ARES maintains a stronger price trend over the short, medium, and long terms, with a poor value ranking. Additional performance details are available here.
Nvidia
Nvidia Corp. (NASDAQ:NVDA) rose 1.57%, Intel Corp. (NASDAQ:INTC) advanced 0.62%, and Advanced Micro Devices, Inc. (NASDAQ:AMD) gained 1.11% after President Trump confirmed on social media that NVDA will be allowed to ship its H200 chips to approved customers in China and other countries.
