Stock Market Today: S&P 500, Nasdaq 100 Futures Gain Ahead of Federal Reserve Interest Rate Decision— SKHY, STX, V, GOOGL in Focus (UPDATED)
Key takeaways
- ’s rate decision will be the key driver for markets; a pause keeps the rally, a hike could temper tech gains.
Fed
The Federal Reserve — the US central bank that influences interest rates and money conditions.
- 10‑year Treasury yield 5.01 %
- 2‑year Treasury yield 4.75 %
- Trade deficit $134.9 billion
What happened
U.S. stock futures rose ahead of the Federal Reserve’s interest‑rate meeting, with the S&P 500, Dow Jones and Nasdaq 100 all up in pre‑market trading. The trade deficit widened to $134.9 billion in September, and wholesale and retail inventories edged higher. Several stocks moved sharply: SK Hynix jumped 7.55 %, Seagate fell 3.64 %, Visa slid 1.63 %, UBS dropped 2.54 % and Alphabet gained 1.18 %. The 10‑year Treasury yield was 5.01 % and the 2‑year was 4.75 % at the last check.
Why it matters
The The Federal Reserve — the US central bank that influences interest rates and money conditions.Fed
Short-term and longer-term
Short-term. In the next 24–48 hours, watch the The Federal Reserve — the US central bank that influences interest rates and money conditions.Fed
Longer-term. Over the coming months, the The Federal Reserve — the US central bank that influences interest rates and money conditions.Fed
Words on this card
- FedWatch
- A tool that estimates the probability of a Fed rate change based on futures prices.
- Trade deficit
- The amount by which a country’s imports exceed its exports.
- Wholesale inventories
- Stock held by wholesalers before it reaches retailers.
- Retail inventories
- Stock held by retailers before it reaches consumers.
- 10‑year Treasury yield
- The interest rate on U.S. Treasury bonds with a ten‑year maturity.
- 2‑year Treasury yield
- The interest rate on U.S. Treasury bonds with a two‑year maturity.