Live Nasdaq Composite: Bullish Sentiment Returns amid Fed Changing of Guard

Live Updates

Prediction Markets on Rate Cut Outlook

52 minutes ago

Live

The odds of a Federal Reserve rate cut before 2027 have cratered. Kalshi traders are now pricing just a 32.9% probability of any easing before the year is out, the lowest reading in months and a dramatic reversal from the 90%-plus odds markets were assigning earlier this year. The shift reflects a growing consensus that the Fed has little room to move with inflation back on the march, and that a “higher for longer” rate environment may well stretch deep into 2027.

This article will be updated throughout the day, so check back often for more daily updates.

Wall Street is closing out the week on solid footing, with futures pointing higher Friday morning and the major indexes on track for another positive week despite a turbulent stretch in between. The Nasdaq Composite has been the quiet standout, up 0.3% this week and on pace for its seventh gain in the past eight weeks. The S&P 500 is threading the needle as well, holding a 0.5% weekly advance that would extend its streak to eight straight positive weeks, the longest run since late 2023. The Dow isn’t far behind, climbing 1.5% this week and headed for its third green week in four.

Here’s a look at where things stand as of pre-morning trading:

Dow Jones Industrial Average: 50,771 Up 0.79%
Nasdaq Composite: 29,564 Up 0.39%
S&P 500: 7,499 Up 0.45%

Market Movers

OpenAI took the top spot in Q1, pulling in $5.7 billion to Anthropic’s roughly $4.7 billion, a $1 billion edge. But Anthropic’s annualized run-rate has surged to nearly $45 billion, leaving OpenAI’s $25 billion in the dust. For Q2, Anthropic projecting $11 billion in revenue, a quarter-over-quarter doubling, alongside an estimated $600 million in profit.

Peloton (Nasdaq: PTON) is heading to the S&P SmallCap 600, a move that could funnel a fresh wave of passive fund buying into the beleaguered fitness brand’s stock.