The Federal Open Market Committee‘s two-day meeting ends today, with investors eyeing a rate cut decision and Fed Chair Jerome Powell‘s speech in the afternoon.
Meanwhile, the 10-year Treasury bond yielded 4.20% and the two-year bond was at 3.62%. The CME Group's FedWatch tool‘s projections show markets pricing an 89.9% likelihood of the Federal Reserve cutting the current interest rates later today.
Futures
Change (+/-)
Dow Jones
0.02%
S&P 500
0.07%
Nasdaq 100
0.04%
Russell 2000
-0.18%
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 0.066% at $683.49, while the QQQ advanced 0.042% to $625.31, according to Benzinga Pro data.
Stocks In Focus
GameStop
GameStop Corp. (NYSE:GME) dropped 6.38% in premarket on Wednesday after it posted third-quarter revenue of $821 million, missing analyst estimates of $987.28 million and earnings of 24 cents per share, beating estimates of 20 cents.
Benzinga’s Edge Stock Rankings indicate that GME maintains a weaker price trend over the short, medium, and long terms, with a moderate value ranking. Additional performance details are available here.
GE Vernova
GE Vernova Inc. (NYSE:GEV) jumped 7.72% after it doubled its dividend and raised its multi-year outlook. As part of its 2025 Investor Update event, GE Vernova announced a series of updates, including strong guidance looking out to 2028.
GEV maintains a stronger price trend over ...
