This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.
The Fed is expected to release the results of this year’s financial institution stress tests in the coming days. The tests are designed to show how nearly two dozen major banks would hold up in the event of a financial meltdown, including the possibility of an economic recession. The Nasdaq Composite is now down 0.37%.
Micron Technology (Nasdaq: MU) is expected to report its Q3 earnings next week. The stock is down 1% today but has advanced approximately 40% year-to-date. The company is widely expected to continue to ride the AI profit wave higher.
The markets have turned cautious, sending the Nasdaq Composite lower by 0.58%.
While Jerome Powell and the Fed left interest rates unchanged this time around, there could be good news for the markets on the horizon. Fed Governor Christopher Waller revealed that an interest rate cut could be on the horizon as soon as July amid a cooling inflationary economy. President Trump previously said that a rate cut would serve as “rocket fuel” for the markets.
The Nasdaq Composite is now up 0.24%.
Live coverage has ended. The full story is below.
This article will be updated throughout the day, so check back often for more daily updates.
In a week filled with escalating Middle East tensions and a Fed meeting, the markets are attempting to finish on a positive note. President Trump has mentioned potential negotiations between Israel and Iran, giving traders and investors reason for optimism. All three major stock market averages opened higher, including a 0.56% gain in the Nasdaq Composite. Most sectors of the economy are gaining ground today, led by energy stocks amid a rising crude oil price amid the heightened Middle East tensions.
Big Tech stocks are seeing green this morning. Amazon (Nasdaq: AMZN | AMZN Price Prediction) is up 0.75%. The e-commerce giant is teaming up with SK Group to pour billions ($5 billion) into an AI-powered data center in South Korea. For those keeping score, Tesla (Nasdaq: TSLA) is recouping some recent losses with a 2.5% jump today. The Nasdaq Composite is relatively flat over the past five trading sessions.
Here’s a look at the performance as of morning trading:
Dow Jones Industrial Average: Up 217.19 (+0.54%)
Nasdaq Composite: Up 128.41 (+0.66%)
S&P 500: Up 33.39 (+0.58%)
Professional services company Accenture (NYSE: ACN) is missing out on today’s gains, falling 8% after its quarterly results showed booking weakness. Accenture’s revenue surpassed estimates, but the markets are seeing the glass half empty.
Carmax (NYSE: KMX) is up 2.7%. After reporting quarterly results, the stock is benefiting from rising demand for used vehicles, especially as the auto sector faces ongoing tariff pressures.
Kroger (NYSE: KR) is up 5.6% today on the heels of its mixed Q1 earnings results.
Contact [email protected] for any questions or corrections.
Gerelyn Terzo is the author of dividend investing handbook "Dividend Investing Strategies: How to Have Your Cake & Eat It Too." A veteran financial journalist, she covers agri-finance for outlets like Global AgInvesting and the broader stock market and personal finance for 24/7 Wall Street. She began at CNBC and later helped launch Fox Business in New York. Gerelyn currently resides in Woodland Park, Colorado and dabbles in nature photography as a hobby.
This article will be updated throughout the day, so check back often for more daily updates. The markets are striving to close the week on an upbeat note after gaining clarity on interest rates…
This article will be updated throughout the day, so check back often for more daily updates. The market’s hope for a de-escalation of the Middle East tensions has backfired after conditions took a turn…
This article will be updated throughout the day, so check back often for more daily updates. The markets are celebrating the latest development on the tariff front. President Trump has announced a “comprehensive” trade…
This article will be updated throughout the day, so check back often for more daily updates. In a dramatic plot twist, the tech-heavy Nasdaq Composite and S&P 500 both clinched fresh all-time highs last…
This article will be updated throughout the day, so check back often for more daily updates. The markets continue to put on a brave face even as Middle East tensions escalate and the net…
This article will be updated throughout the day, so check back often for more daily updates. Technology stocks are mostly higher today, setting a positive tone for the broader markets. U.S. and Chinese officials…
This article will be updated throughout the day, so check back often for more daily updates. The markets are displaying a sense of optimism this morning on reports of an easing of Middle East…
This article will be updated throughout the day, so check back often for more daily updates. The markets are seeing the glass half full today and are higher across the board amid expectations that…
This article will be updated throughout the day, so check back often for more daily updates. The markets are playing it cautious following yesterday’s strong rally fueled by EU import tariff delays. Today all…
