Stock Market Today: Dow Jones, S&P 500, Nasdaq 10 Futures Gain as Fed Begins Its Two-Day Meet— Novartis, HSBC, Welltower in Focus (UPDATED)
Key takeaways
- Manufacturing momentum and a pause keep the market upbeat, but higher yields keep borrowing costs in check.
Fed
The Federal Reserve — the US central bank that influences interest rates and money conditions.
- Durable goods orders +1.8% to $345.4 billion
- Transportation equipment orders +4.6% to $119.8 billion
- Core business investments +6.2%
What happened
U.S. stock futures edged higher as the Dow, S&P 500 and Nasdaq 100 all gained after Monday’s close, while the The Federal Reserve — the US central bank that influences interest rates and money conditions. Markets already moved as if the news were expected — the surprise is what is left, not the headline alone.Fed
priced in
Why it matters
The stronger manufacturing data suggests the economy is still pulling ahead, which could support higher equity prices. The The Federal Reserve — the US central bank that influences interest rates and money conditions.Fed
Short-term and longer-term
Short-term. Over the next few days, watch for the The Federal Reserve — the US central bank that influences interest rates and money conditions.Fed
Longer-term. For the coming months, the manufacturing rebound and The Federal Reserve — the US central bank that influences interest rates and money conditions.Fed
Words on this card
- Durable goods orders
- Orders for long‑term goods like machinery and equipment
- FedWatch tool
- A market tool that estimates the probability of Fed rate moves
- Treasury yield
- The return investors earn on U.S. government bonds
- EPS Learn
- Earnings per share, a company’s profit divided by its shares
- FFO
- Funds from Operations, a real‑estate metric similar to earnings
- Fed Learn
- The Federal Reserve — the US central bank that influences interest rates and money conditions.