Major Averages Mixed as Traders Await Fed Rate Decision
The major averages had a mixed day as traders brace for the outcome of the Federal Reserve's upcoming rate decision. Sentiment remains cautious after recent volatility in global bonds and a sharp yield spike. Many investors have parked money in safer, liquid assets as money-market funds saw a significant inflow.Looking to commodities, gold was fractionally higher following yesterday's dip, as the "safe haven" asset inches toward the $4,300 threshold. Meanwhile, oil was roughly 1% lower ahead of this afternoon's API crude numbers.Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.1. STOCK NEWS:President Trump said that Nvidiacanand other countriesHome Depotprovided itsand reiterated its earnings and revenue guidance for FY25CVS Healthalso provided its FY26 outlook butand revenue viewsFordwill jointlyand light commercial vehicles with RenaultCampbell'sreported, reiterated its FY26 outlook, and agreed to acquire a 49% interest in La Regina for $286M2. WALL STREET CALLS:Goldman Sachscruise operator Viking Holdingsto Buy while downgrading peer Norwegian Cruise Lineto NeutralColgate-Palmoliveto Outperform at RBC CapitalVertivto Peer Perform at Wolfe ResearchSynopsysto Buy at Rosenblatt ahead of Q4 reportCompass PointSLMto Sell as update signals "major reset"3. AROUND THE WEB:Nvidia'sAI chips are facing an unusual security review before their export to China,Bank of America, Citigroup, and Apollo Globalare each providing the debt commitment for Paramount Skydance'shostile takeover bid for Warner Bros. Discover,Anthropic and Accenturehave formed a three-year partnership to sell AI services to businesses, aiming to improve return on investment,Activist investor Starboard Value has taken a nearly 5% stake in Clearwater Analyticsand wants the company to boost its share price and run a robust sales process with independent advisers,Police raided Coupang'sSeoul headquarters to investigate a data breach that exposed personal information from 33.7 million customers,4. MOVERS:Alexander & Baldwinincreases after announcing itfor $21.20 per shareTronoxgains after receiving afrom EXIM and EFA for up to $600M in financingStaar Surgicalhigher after amending itswith AlconPhreesiafalls afterand providing guidance for FY26 and FY27JPMorganslips after providing5. EARNINGS/GUIDANCE:Core & Mainand backed its guidance for FY25Ferguson, with EPS and revenue beating consensusDesigner Brands, with CEO Doug Howe commenting, "Our third quarter performance represents another meaningful step forward in our transformation"Land's Endand provided guidance for Q4 and FY25G-III Appareland raised its guidance for FY26
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