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GE Vernova and ATI shares are soaring, what you need to know

GE Vernova and ATI shares rose in the afternoon session as U.S. stocks broadly climbed, with investors positioning for a week packed with a Federal Reserve rate decision and earnings reports. Morningstar reported that about 36% of S&P 500 companies are scheduled to report quarterly results this week, and money markets put a 90% probability on the Fed holding rates steady. Analysts expect S&P 500 third-quarter earnings to rise 30% year over year. GE Vernova gained 5.5% and ATI 5.4% in the session, and about 20 days earlier GE Vernova had gained 5% on surging capital spending for AI infrastructure and defense.

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