See the full story in the original article.
Read the original on Yahoo Finance ↗
Keywords
SPYQQQDXYFedKevin Warshinterest rates
Open a keyword to see other news on the same topic.
Related tickers and likely impact
QQQ
• NeutralInvesco QQQ Trust
Relevance: high
| Market | US stocks |
|---|---|
| Sector | ETF |
| Close on 10/27/2026 | 721.23 |
| Change that session | +1.27% |
SPY
• NeutralSPDR S&P 500 ETF
Relevance: high
| Market | US stocks |
|---|---|
| Sector | ETF |
| Close on 10/27/2026 | 769.72 |
| Change that session | +0.57% |
DXY
• NeutralRelevance: medium
| Market | Currencies |
|---|---|
| Close on 10/27/2026 | 102.37 |
| Change that session | +0.35% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
Related news
- Stock Futures Set to Trade Ahead of Fed Decision
- Stock market today: Dow futures fall, S&P 500 and Nasdaq futures climb ahead of Fed decision, Big Tech earnings
US stock futures were mixed ahead of a critical day with a Fed decision and earnings from Microsoft and Alphabet. Dow futures fell 0.3%, S&P 500 futures traded just above the flat line, and Nasdaq-100 futures rose 0.3%. Tech sentiment improved this week as the S&P 500 and Nasdaq posted back-to-back gains, and semiconductor stocks rallied on Tuesday after Broadcom's CEO negotiated a consortium of banks to announce a $63 billion financing structure for AI compute capacity. The Fed is expected to hold rates steady at 2 p.m. ET despite elevated inflation readings, and investors will watch Chairman Kevin Warsh's press conference for any hawkish signals. Microsoft reports after offering buyouts to up to 60,000 employees; other companies reporting include Ford, GE Vernova, T-Mobile US, eBay, Chipotle and ServiceNow.
- U . S . business inflation heating up , could lead to even higher prices for American shoppers
U.S. wholesale inflation climbed in September to its highest level in more than four years, with the Producer Price Index (PPI) up 1.3% from the previous month and 6.3% from the same month in 2025, both above economists' forecasts. Oil prices rose amid U.S. President Donald Trump's prolonged war with Iran, squeezing businesses, while record diesel prices added to transportation costs. Core PPI, which excludes energy, food and trade services, is also rising at its fastest pace since October 2022. Consumer inflation edged up to an annual 3.7%, while core inflation was 2.6%, both hotter than expected. The article warns that manufacturers and wholesalers could pass higher costs on to consumers, and the two reports reinforce expectations that the Federal Reserve may raise interest rates again before year-end.
- Producer Price Inflation Was Much Hotter Than Expected. Stocks Still Climbed.
Producer prices rose 1.3% last month and 6.3% year over year, the largest 12-month increase since 2022, well above economists' forecasts of 0.6% and 5.5%. Excluding food, energy and trade, the monthly PPI rose 0.5% and the annual rate was 5%, with gasoline prices up 20.3% and chicken egg prices down 39.7%. Stocks still rose, with the Nasdaq Composite up 0.08%, the S&P 500 up 0.33% and the Dow up 1.08% as investors rotated out of the AI trade. Odds of a Fed rate hike fell to 27.1% according to CME Group's FedWatch tool. Investors had also trimmed tech positions over AI overspending and a memory chip glut, while Anthropic reported $16.8 billion in third-quarter revenue, up about 45% from $11.6 billion in the second quarter, and adjusted profitability for a second straight quarter.
- Wall Street Futures Edge Higher as SK Hynix Results Support AI Stocks Ahead of Fed Decision: Dow Jones, S&P, Nasdaq
US stock index futures pointed to a modestly higher open on Wednesday, extending gains from the previous two sessions, after stronger-than-expected results from SK Hynix supported AI-related shares. US-listed SK Hynix (SKHY) rose 7.2% in pre-market trading after reporting record quarterly profit and announcing more than $25 billion in dividends and share buybacks. Investors expect the Fed to leave rates unchanged and will watch Chairman Kevin Warsh's press conference, along with quarterly results from Microsoft (MSFT) and Alphabet (GOOG) after the session. On Tuesday, the Nasdaq Composite rose 308.43 points (1.2%) to 26,477.60, the S&P 500 gained 45.83 points (0.6%) to 7,722.60, and the Dow Jones gained 15.99 points to 52,377.57. Analysts are focused on whether heavy AI infrastructure spending is generating sustainable returns.
- US futures mostly higher with the Fed Warsh touting AI
Related markets
Latest news
- Fed holds rates steady despite concerns over inflation
The Federal Reserve kept its benchmark overnight funds rate in the 3.75%-4% range, as widely expected, after raising it by a quarter percentage point in September, and said inflation remains elevated. Governor Lisa Cook and Cleveland Fed President Beth Hammack dissented, both wanting a quarter percentage-point hike, while Logan and Kashkari, who had dissented in July, joined the majority. The administration has restarted its effort to remove Cook after the Supreme Court halted earlier attempts, with a hearing scheduled for early November. Activity was described as expanding at a strong pace, and futures pricing pointed to a strong possibility of another hike in December, while Chairman Kevin Warsh has avoided providing forward guidance. Inflation by the Fed's preferred gauge is expected to be above 3% for September excluding food and energy, while the Atlanta Fed's GDPNow tracker points to 3.4% annualized growth in the third quarter.
- Bessent: Stablecoins will help cement dollar dominance
Treasury Secretary Scott Bessent, speaking at Ripple's Swell conference on October 27, said digital assets could reinforce the dollar's global position. He argued that stablecoin issuers could become the most reliable buyers of U.S. Treasuries as foreign governments buy fewer, and that easy access to dollars helps people in countries with hyperinflating currencies. He also said the Treasury could coordinate with the SEC and CFTC on crypto rules and advocated safeguards against crypto de-banking. The host noted the remarks were made to a crypto audience.
- GE Vernova shares slip despite a beat-and-raise. What the sellers are getting wrong
GE Vernova shares fell on Wednesday despite the gas turbine maker beating expectations and raising its full-year outlook. Third-quarter revenue rose about 27% to $12.64 billion, above the $11.99 billion LSEG estimate, while EPS jumped 193% to $4.81 versus a consensus of $3.94. The company also agreed to buy Trench Group, a privately held maker of electric-grid equipment. The sell-off appears linked to guidance that fourth-quarter gas turbine pricing per kilowatt will be below third-quarter levels and to uneven quarterly growth in Gas Power in 2027, even as backlog rose from 116 GW to 122 GW and management expects 130 GW by year-end. The author argues the decline is too critical and does not reflect the company's underlying business strength.
- Reddit Fell 5% on Slower-Growth Fears. The October 29 Outlook Decides Whether the Multiple Holds
Reddit (RDDT) shares fell 5% on Monday as worries about slowing growth weighed on the stock ahead of its third-quarter report, due after the close on Oct. 29. Reddit beat the top of its revenue guidance by $58 million to $80 million in each of the last three quarters, but the article argues the fourth-quarter outlook will determine whether the valuation holds. Third-quarter revenue guidance is $860 million to $870 million, up 47% to 49%, below the 61% growth in the second quarter, and consensus implies fourth-quarter revenue of roughly $1.05 billion to $1.06 billion to reach $3.39 billion for 2026. At 16x forward earnings, Reddit trades at the bottom of its one-year range against an average of 26x, and analysts have raised their 2027 earnings estimate 25% since the end of 2025. The author flags U.S. daily users above the second quarter's 53.2 million as the key risk, since a strong guide may not save the multiple if that figure slips.
- Apple announces $2,899 MacBook Pro — its first touchscreen laptop
Apple launched the MacBook Pro with PROLED XDR Display, its first MacBook with a touchscreen, using an XDR OLED panel with better colors and brightness than standard LCD displays. It comes in 14-inch and 16-inch sizes, starting at $2,899 and $3,199, and can be configured with M5 Pro or M5 Max chips. Those prices include a $300 increase Apple implemented in June due to a global memory and storage shortage. The article notes that rivals such as Microsoft, HP and Dell added touchscreens to their laptops years earlier, and Apple had previously dropped its Touch Bar after it failed to gain traction. Mac sales were $33.7 billion of Apple's $416.1 billion in 2025, making it the fourth-largest segment by sales.
- Microsoft might be the 'adult in the room' when it comes AI. Here's why.
Ahead of earnings from Microsoft (MSFT) and Alphabet (GOOG, GOOGL), Laffer Tengler Investments CEO and CIO Nancy Tengler and a panel say Microsoft could currently lead in AI thanks to its ecosystem of AI-powered software. The panel includes Christine Short of TMX Wall Street Horizon, Anna Rathbun of Grenadilla Advisory, Ken Mahoney of Mahoney Asset Management and Mark Malek of Siebert Financial.
Get the briefing on Telegram or Zalo
Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.