Stock Market Today: Nasdaq, S&P 500 Futures Gain As Investors Await Fed Decision—GameStop, GE Vernova, Adobe, Oracle In Focus

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U.S. stock futures advanced on Wednesday after Tuesday’s mixed close. Futures of major benchmark indices were higher.

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.

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.

Transcript

00:00all right futures under pressure ahead of the open here on Wednesday prior to the Fed

00:11S&P futures down 0.07 percent although they're down very close to unchanged

00:17Dow futures down by 0.08 percent and Nasdaq down by 0.18 percent so all slightly in the red

00:25but all very very close to unchanged chances are all of this is going to change after the market

00:32reacts to the Fed decision let's go ahead and take a look at some cues from last session energy

00:41information technology and consumer staple stocks recorded the biggest gains on Tuesday

00:47while health care and industrials bucked the trend and closed lower the Federal Reserve open market

00:55committee's two-day meeting ends today with investors eyeing a rate cut decision and Fed

01:00chair Jerome Powell's speech in the afternoon again the thought here is that we're going to get a cut

01:07I can believe that's near 100 percent here really it is going to come down to his speech and then the

01:12question and answer section that's likely where we're going to see the most volatility today

01:15meanwhile the 10-year treasury bond yielded 4.2 percent and the two-year bond was at 3.62 percent

01:23now we do have several stocks in focus here and the first one is the meme daddy I guess we'll call

01:29it that's of course game stop ticker gme it dropped 6.38 percent in the pre-market on Wednesday after

01:36posting third quarter revenue of 821 million that missed analyst estimates of 987.28 million

01:44and it also posted a 24 percent per share earnings per share which beat the analyst estimates of 20 cents

01:52ge verona excuse me i owe i do this every time ge vernova beg your pardon ticker gev that jumped

02:037.72 percent after it doubled its dividend and raised its multi-year outlook as part of its 2025

02:09investor update event ge vernova announced a series of updates including strong guidance looking all the

02:16way out into 2028 adobe ticker adbe is the next stock on our list here today that was 0.02 percent

02:27lower ahead of its earnings scheduled to be released after the closing bell analysts expect 539 per share

02:35on revenue of 6.11 billion for the last quarter oracles of the next stock on our list that's ticker

02:42orcl that rose 1.07 percent as analysts expect earnings of 164 per share on revenue of 16.22

02:51billion both of those reports oracle and adobe coming after the closing bell here today

02:56the last stock on our list here is braze that's ticker brze shares climbed 15.37 percent after posting

03:06better than expected revenue for the third quarter and raising its 2026 fiscal guidance

Stock Market Today: Nasdaq, S&P 500 Futures Gain As Investors Await Fed Decision—GameStop, GE Vernova, Adobe, Oracle In Focus

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