Stock Market Today: Dow Jones, S&P 500 Futures Slip Day After Fed's Rate Cut—Oracle, Broadcom, Costco In Focus

4 hours ago

U.S. stock futures dropped on Thursday after Wednesday’s advances. Futures of major benchmark indices were lower.

The Federal Reserve delivered a 25 basis points cut on Wednesday, bringing the rates down to 3.5%–3.75%, a third consecutive reduction that met expectations but exposed a widening policy divide within the central bank.

Additionally, the central bank said that it will implement quantitative easing by resuming the purchase of shorter-maturity Treasury bills, approximately $40 billion per month.

Meanwhile, the 10-year Treasury bond yielded 4.14% and the two-year bond was at 3.53%. The CME Group's FedWatch tool‘s projections show markets pricing an 80.1% likelihood of the Federal Reserve leaving the current interest rates unchanged.

The SPDR S&P 500 ETF Trust (NYSE:SPY) and Invesco QQQ Trust ETF (NASDAQ:QQQ), which track the S&P 500 index and the Nasdaq 100 index, respectively, were lower in premarket on Thursday. The SPY was down 0.52% at $683.99, while the QQQ declined 0.72% to $623.08, according to Benzinga Pro data.

Transcript

00:00all right futures rebounding from the earlier pressure that it saw s&p futures are actually

00:12down 0.3 percent but these are considerably up off of the overnight lows the dow futures wasted

00:19no time they've already gone red green here this morning dow futures are up 0.05 percent those

00:24also were lower and the nasdaq down 0.49 percent that too just like the s&p also up off the lowest

00:33possible red green on deck here today now let's take a look at some cues from last session industrials

00:42materials and consumer discretionary stocks led the gains on wednesday helping most s&p 500 sectors

00:49closed positively though utility stocks bucked the trend and finished lower the federal reserve

00:57delivered a 25 basis point rate cut that we were all expecting on wednesday bringing the rates down

01:03to three and a half to 3.75 percent a third consecutive reduction that meditations but exposed a widening

01:11policy divide within the central bank additionally the central bank said it will implement quantitative

01:17easing by resuming the purchase of short-term treasury bills approximately 40 billion per month

01:22meanwhile the 10-year treasury bond yielded 4.14 percent and the two-year bond was at 3.5 percent

01:29now we do have several stocks in focus here and the first one is the big one it is oracle ticker orcl

01:36tumbled 11 percent after posting mixed second quarter financial results for fiscal 2026 after the close

01:43on wednesday that is still down here today and like i said we are going to cover this uh and take a look

01:49at the chart oracle actually rolling over looks like the low it put in in the after hours yesterday

01:53was 192 we're currently at 194 here that's actually falling a little bit broadcom is the next stock on

02:00our list here that's ticker avgo that dropped 1.98 percent ahead of its earnings scheduled to be released

02:06after the closing bell analysts are expecting 186 per share on revenue of 17.149 billion for the latest

02:13quarter costco my favorite store costco also on deck here today it's ticker cost it was 0.18 percent

02:23higher as analysts expect earnings of 539 per share on revenue of 6.11 billion for the latest quarter

02:29that also comes out after the closing bell adobe is another stock in focus that was 0.62 per spite

02:36posting better than expected fourth quarter results adobe said it also sees fiscal 2026 gap eps of 1790

02:44to 1810 versus the estimate of 1656 the last stock on our list here today is going to be planet labs

02:52ticker pl shares climbed 16.42 percent after reporting third quarter revenue of 81.25 billion excuse me

03:0081.25 million which beat the analyst estimate of 71.99 million

Stock Market Today: Dow Jones, S&P 500 Futures Slip Day After Fed's Rate Cut—Oracle, Broadcom, Costco In Focus

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