Major Averages Little Changed as Investors Await Fed Decision
The major averages were little changed near noon as traders brace for a key Federal Reserve interest-rate decision and another wave of quarterly earnings. Investors are positioning ahead of after-hours earnings releases from big tech names including Meta, Microsoft and Tesla, which could set the tone for risk appetite once those reports start rolling in.Strong performance in technology and AI-linked stocks has helped support sentiment following recent records in major indexes, even as the broader outlook remains sensitive to geopolitical uncertainty and shifting policy expectations. Safe-haven assets continue to attract interest as markets await clarity from the Fed's policy statement and Chair Powell's press conference later in the day.Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.1. STOCK NEWS:Seagatereportedand provided guidance for Q3Texas Instrumentsreportedbut provided an upbeat outlook for Q1AT&Treportedand issued its outlook for 2026-2028Starbucksreportedand provided guidance for FY26Amazonannounced plans toamid "organizational changes"2. WALL STREET CALLS:Visato Buy from Neutral at Rothschild & Co RedburnKorro Bioto Overweight at Cantor Fitzgerald and to Outperform at OppenheimerCircle Internetto Neutral at Mizuho with Polymarket as a "looming catalyst"PayPalto Sell at Rothschild & Co RedburnBJ's Wholesaleto Hold at Jefferies3. AROUND THE WEB:Learis planning a new seating plant for pickups and full-size SUVs launching at a General Motorsassembly plant in Orion Township, Michigan, after outbidding rival supplier Magna, Detroit Business saysC3 AIis in talks to merge with startup Automation Anywhere, The Information saysTeslaCEO Elon Musk is targeting mid-June for the timing of SpaceX's initial public offering, IPO, FT reportsSoftBankis in talks to invest up to an additional $30B in OpenAI, WSJ saysDeutsche Bank'soffices in Frankfurt and Berlin have been raided by German authorities as part of a money laundering probe that is looking at past dealings by staff with firms linked to the now-sanctioned Roman Abramovich, Bloomberg reports4. MOVERS:Palladynehigher after beingby the Air Force Research LaboratoryStrideincreases afterand providing guidance for Q3 and FY26Nextpowerrises afterand raising its guidance for FY26Regenxbiofalls after the FDA placed aRichtech Roboticslower after announcing a5. EARNINGS/GUIDANCECorning, with EPS and revenue beating consensusExtreme Networks (EXTR)and provided guidance for Q3 and FY26Scotts Miracle-Growith EPS beating consensusBrinkerand raised its guidance for FY26Lennox, with CEO Alok Maskara commenting, "We are pleased with our performance in 2025"INDEXES:Near midday, the Dow was up 0.02%, or 7.28, to 49,010.69, the Nasdaq was down 0.07%, or 16.88, to 23,800.22, and the S&P 500 was down 0.11%, or 7.80, to 6,970.80.
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