S&P 500
7,543.40
+0.05%
Dow Jones
51,214.00
+1.01%
Nasdaq 100
30,290.00
-0.58%
Russell 2000
2,902.32
+0.49%
FTSE 100
10,320.40
+0.11%
Nikkei 225
67,413.20
-0.94%
Live Coverage Has Ended

Sysco Beats, Sysco Stock Falls

Photo of Rich Smith
By Rich Smith Published

Live Blog Update #3 Published

← Back to Full Coverage: Stock Market Live October 28: Earnings Keep Driving S&P 500 (VOO) Higher

Commercial food supplier and S&P 500 component company Sysco Corp. (NYSE: SYY | SYY Price Prediction) beat earnings by three cents this morning, reporting fiscal Q1 earnings of $1.15 per share. Revenue also edged out expectations at $21.1 billion.

Sysco forecast that full-year fiscal 2026 adjusted earnings will range from only $4.50 to $4.60 per share, however, which at the midpoint misses the consensus forecast by about one cent.

Consequently, Sysco stock is down 1.3% this afternoon, while the Voo as a whole is now up 0.3%.

 

 

All Updates from Live Coverage

Survey Says: Expect More Interest Rate Cuts

| Rich Smith
Live

A CNBC survey of economists predicts that the Federal Reserve will lower interest rates by 0.25% at its meeting this week, and furthermore cut two times after that — in December and then again in January 2026. 92% of economists surveyed expect the first cut to happen this week.

Weaker than expected inflation in September, combined with multiple reports of layoffs at a range of large American companies threaten to slow the economy, and make it easier for the Fed to justify stimulative reductions in interest rates to head off a slowdown.

The Voo remains in positive territory after this report, up 0.1%.

OpenAI Restructures

| Rich Smith
Live

OpenAI announced this morning it has successfully restructured itself into a nonprofit to be called the OpenAI Foundation, owning in turn a for-profit public benefit corporation, OpenAI Group PBC.

The foundation’s 26% stake in OpenAI Group PBC is said to be worth $130 billion, similar to the $135 billion, 27% stake owned by Microsoft, and employees and other investors own the remaining 47%.

Add it all up, and the OpenAI Group PBC appears to be worth about $500 billion currently, and is now in a position where it could potentially IPO.

View Full Live Blog (3 Updates)
DISCLOSURE:
INVESTMENTS ARE NOT FDIC INSURED • ARE NOT BANK GUARANTEED • MAY LOSE VALUE Brokerage and Active investing products offered through SoFi Securities LLC, member FINRA(www.finra.org)/SIPC(www.sipc.org). Advisory services are offered by SoFi Wealth LLC, an SEC-registered investment adviser. Information about SoFi Wealth’s advisory operations, services, and fees is set forth in SoFi Wealth’s current Form ADV Part 2 (Brochure), a copy of which is available upon request and at www.adviserinfo.sec.gov. Probability of Member receiving $1,000 is a probability of 0.026%; If you don’t make a selection in 30 days, you’ll no longer qualify for the promo. Customer must fund their account with a minimum of $50.00 to qualify. Other fees, such as exchange fees, may apply. Please view our fee disclosure to view a full listing of fees. Investing in alternative investments and/or strategies may not be suitable for all investors and involves unique risks, including the risk of loss. An investor should consider their individual circumstances and any investment information, such as a prospectus, prior to investing. Interval Funds are illiquid instruments, the ability to trade on your timeline may be restricted. Brokerage and Active investing products offered through SoFi Securities LLC, Member FINRA(www.finra.org) /SIPC(www.sipc.org). There are limitations with fractional shares to consider before investing. During market hours fractional share orders are transmitted immediately in the order received. There may be system delays from receipt of your order until execution and market conditions may adversely impact execution prices. Outside of market hours orders are received on a not held basis and will be aggregated for each security then executed in the morning trade window of the next business day at market open. Share will be delivered at an average price received for executing the securities through a single batched order. Fractional shares may not be transferred to another firm. Fractional shares will be sold when a transfer or closure request is initiated. Please consider that selling securities is a taxable event. Options involve risks, including substantial risk of loss and the possibility an investor may lose the entire investment Before trading options please review the Characteristics and Risks of Standardized Options  Investing in an Initial Public Offering (IPO) involves substantial risk, including the risk of loss. Further, there are a variety of risk factors to consider when investing in an IPO, including but not limited to, unproven management, significant debt, and lack of operating history. For a comprehensive discussion of these risks please refer to SoFi Securities’ IPO Risk Disclosure Statement This should not be considered a recommendation to participate in IPOs and investors should carefully read the offering prospectus to determine whether an offering is consistent with their investment objectives, risk tolerance, and financial situation. New offerings generally have high demand and there are a limited number of shares available for distribution to participants. Many customers may not be allocated shares and share allocations may be significantly smaller than the shares requested in the customer’s initial offer (Indication of Interest). For more information on the allocation process please visit IPO Allocation.
This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.
Photo of Rich Smith
About the Author Rich Smith →

Continue Reading

Why a $2.1 Million 401(k) Holder Is Moving From California to Nevada Before His First RMD at 73
Marc Guberti |

Why a $2.1 Million 401(k) Holder Is Moving From California to Nevada Before His First RMD at 73

A 70-year-old single retiree in Walnut Creek with $2.1 million in a traditional 401(k), $40,000 a year in Social Security,…

Most Income Investors Have Never Heard of These 3 ETFs Paying Over 10 Percent Monthly
David Beren |

Most Income Investors Have Never Heard of These 3 ETFs Paying Over 10 Percent Monthly

Three options-overlay ETFs are quietly paying double-digit annual distribution rates on a monthly (or weekly) schedule, and most income investors…

The Home Sale That Adds $5,880 a Year to a Retiree’s Medicare Premium Two Years Later
Gerelyn Terzo |

The Home Sale That Adds $5,880 a Year to a Retiree’s Medicare Premium Two Years Later

The Letter That Arrived Two Years Late A retiree sold her longtime home, downsized to a condo, and figured the…

Move Over, Magnificent 7. Traders Are Flocking to SanDisk, Marvell, Micron, and the Parabolic 7
David Moadel |

Move Over, Magnificent 7. Traders Are Flocking to SanDisk, Marvell, Micron, and the Parabolic 7

The Magnificent 7 has a new challenger. Strategist Ben Emons, in a post amplified by Bloomberg’s Joe Weisenthal on X,…

Live: Will C3.ai Beat Q4 Earnings After the Bell Tonight?
Thomas Richmond |

Live: Will C3.ai Beat Q4 Earnings After the Bell Tonight?

Live Updates C3.ai's Founder Returns as CEO 9 hours ago Guidance Bombshell: FY27 Implies Another Year of Decline The headline…

Live: Can CrowdStrike Deliver Another Blowout Quarter With Q1 Earnings Tonight?
Thomas Richmond |

Live: Can CrowdStrike Deliver Another Blowout Quarter With Q1 Earnings Tonight?

Live Updates CrowdStrike Q1 Earnings Coverage Wrap-Up 9 hours ago That wraps up our initial coverage of CrowdStrike’s Q1 results.…

XRP Slides 10% in a Week: Will XRP Drop Again Before the Senate CLARITY Act Vote?
Sam Daodu |

XRP Slides 10% in a Week: Will XRP Drop Again Before the Senate CLARITY Act Vote?

XRP (CRYPTO: XRP) has been range-bound between $1.16 and $1.55 for most of the year. The coin closed May at…

Live: Will Broadcom Crush Q2 Earnings Tonight After Market Close?
Thomas Richmond |

Live: Will Broadcom Crush Q2 Earnings Tonight After Market Close?

Live Updates Broadcom's Conference Call Ends with Shares Down 12%. But Investors Missed CEO Hock Tan Teasing the Stock's Next…

After Comparing Every Covered Call S&P 500 ETF These 3 Pay Up to 12 Percent Without Touching Principal
David Beren |

After Comparing Every Covered Call S&P 500 ETF These 3 Pay Up to 12 Percent Without Touching Principal

Covered call ETFs tied to the S&P 500 have become the default income vehicle for investors seeking monthly distributions without…

Top Gaining Stocks

Texas Pacific Land
TPL • Vol: 485,229
Moderna
MRNA • Vol: 6,929,589
Incyte
INCY • Vol: 2,269,213
United Rentals
URI • Vol: 860,132
Medtronic
MDT • Vol: 20,284,124

Top Losing Stocks

Coterra Energy
CTRA • Vol: 73,319,495
Global Payments
GPN • Vol: 11,471,568
Charter Communications
CHTR • Vol: 4,395,420
ServiceNow
NOW • Vol: 34,312,777
IBM
IBM • Vol: 13,892,615