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  • 7 hours ago
U.S. stocks rose on Wednesday, following Tuesday’s lower close. Futures of the major benchmark indices were higher.

Investors will be closely watching the Federal Reserve’s decision to gauge how the central bank is navigating interest rates amid the ongoing U.S.-Iran war. Additionally, Jerome Powell's press conference at 2:30 p.m. ET is widely considered to be his last as Chair of the Fed.

The CME Group's FedWatch tool‘s projections show markets pricing a 100% likelihood of the Federal Reserve leaving the current interest rates unchanged in today’s meeting.

Four out of seven ‘Magnificent 7’ heavyweights will announce their earnings results today after the bell, which include Microsoft Corp. (NASDAQ:MSFT) and Meta Platforms Inc. (NASDAQ:META).

Meanwhile, the 10-year Treasury bond yielded 4.36%, and the two-year bond yield was at 3.85%.

The SPDR S&P 500 ETF Trust (NYSE:SPY) and Invesco QQQ Trust ETF (NASDAQ:QQQ), which track the S&P 500 and Nasdaq 100, respectively, were higher in premarket on Wednesday. The SPY was up 0.063% at $712.14, while the QQQ advanced 0.21% to $658.90.

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00:08all right futures relatively tame ahead of the big events slated for wednesday here we did have
00:14some earnings here this morning as well but s p futures holding it just about unchanged i actually
00:20see it as up 0.01 percent up a quarter literally a quarter uh at the moment so basically unchanged
00:28there on the s p uh dow futures down 0.03 percent they're down 14 whole points so that's also
00:34basically at unchanged the nasdaq up 0.23 percent this morning so kind of mixed but really close to
00:42unchanged definitely feels like we're waiting for some of the bigger catalysts uh here today
00:48now let's take a look at some uh cues from last session here i'll actually just leave this right
00:55at the top uh here consumer staples real estate and energy shares led the s p 500 to majority gainers
01:04on tuesday while it and material sectors finished in the red today investors will be closely watching
01:11the federal reserve's decision to gauge how the central bank is navigating interest rates amid the
01:16ongoing u.s iran war additionally jerome powell's press conference at 2 30 p.m eastern is widely
01:23considered to be as last as the chair of the fed cme group's watch tool projections shows the market
01:29pricing in a 100 percent likelihood of the federal reserve leaving the current interest rates
01:34on interest rates excuse me unchanged in today's meeting no surprises there four out of the seven
01:41mag seven heavyweights will announce their earnings results after the bell these stocks include
01:46microsoft ticker msft meta ticker metta uh meanwhile the 10-year treasury bond yielded 4.36 percent and
01:56the two-year bond was at 3.85 percent now we have several stocks in focus here for you today
02:03and the
02:03first one is an earnings uh player from yesterday this is going to be booking holdings the ticker on this
02:10is bkng shares of booking were 4.13 percent lower in the pre-market today after the company
02:16said it sees second quarter sales of 7.07 billion to 7.2 billion that was versus a market estimate
02:23of
02:237.566 billion so that guide coming in a little light and booking trading down on the back of it
02:30the next stock on our list is going to be robin hood ticker is h-o-o-o-d the
02:35stock dropped 9.6 percent
02:37actually fell a little bit more here this morning um as it missed the street consensus of 1.18 billion
02:44the company reported earnings per share of 38 cents in the quarter which missed the street
02:49consensus estimate of 46 cents per share so hood also missing the next stock on our list here is
02:56going to be starbucks now starbucks ticker sbux jumped 5.37 percent after reporting fiscal second
03:03quarter revenue of 9.53 billion which beat the analyst estimate of 9.16 billion the coffee giant
03:10reported adjusted earnings of 50 cents per share for the quarter and that beat the analyst estimate
03:15of 43 cents per share the next stock on our list is going to be amazon and it's also basically
03:22flat
03:22it is expected to report earnings after the bell here today analysts expect it to post earnings per
03:28share of 165 on revenue of 177.3 billion the last stock on our list is another mag 7 name
03:37it's google
03:37ticker g-o-o-g or g-o-o-g-l this was 0.14 percent lower as analysts expect
03:43it to report earnings of 165
03:45per share up that looks like a error there um all right so google is going to be reporting earnings
03:52here
03:52later today along with three other mag 7 names this is indeed going to have the biggest impact on how
03:59we
03:59trade tomorrow
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