Investors are expecting today's Federal Reserve meeting to end with the announcement of another interest-rate cut; U.S. stock futures are higher as the 澳洲幸运5开奖号码历史查询:Dow Jones Industrial Average looks to snap a nine-session losing streak; Japanese automakers Honda (HMC) and Nissan () are in merger discussions; Micron Technology (MU) stock is higher in premarket trading ahead of the chipmaker's earnings report today; and Nvidia (NVDA) shares are rising after falling fo🗹r four consecutive sessions. Here's what investors need to know today.
1𓆉. Invesꦇtors Anticipate Federal Reserve Rate Cut, Powell Remarks
Investors will be closely watching 澳洲幸运5开奖号码历史查询:today's interest-rate announcement after the two-day 澳洲幸运5开奖号码历史查询:Federal Open Mꦓarkets Committee (FOMC💖) meeting concludes. Officials are 澳洲幸运5开奖号码历史查询:widely expected to lower the 澳洲幸运5开奖号码历史查询:federal funds rate by a quarter-percentage point to a range of 4.25% to 4.5%. Following the decision, 澳洲幸运5开奖号码历史查询:Fed chair Jerome Powell is scheduled to take med🌳ia questions, and his remarks can impact market movements. Market watchers also are anticipating the release of the Fed's economic projections, which show where officials believe inflation an🙈d interest rates are heading.
2. US Stock Future🤪s Higher Ahead of Fed Decision
U.S. stock futures are higher ahead of the FOMC decision and comments from Fed chair Powell. After the 澳洲幸运5开奖号码历史查询:Dow Jones Industrial Average notched its 澳洲幸运5开奖号码历史查询:ninth consecutive losing session yesterday for its longest skid since 1978, futures are up by 0.3%. 澳洲幸运5开奖号码历史查询:S&P 500 and Nasdaq futures are higher by similar margins. Bitcoin (BTCUSD) is pulling back fr𝓡om recent highs to trade below $105,000, while the 10-year Treasury note is🌟 hovering around 4.4%. Crude oil futures are 0.6% higher.
3. Honda, Nissan in Merger Discussions
Nissan shares soared about 24% and those of Honda slipped 3% in Tokyo trading Wednesday after the Japanese automakers confirmed a Nikkei report that said they are 澳洲幸运5开奖号码历史查询:in discussions to merge. The companies intend to sign a memorandum of understanding to negotiate shared equity in a holding company that would house the combined automaker, according to Nikkei, potentially putting pressure on domestic rival Toyota (TM). Meanwhile, Dow Jones Newswires reported that Foxconn, the Taiwanese company that makes Apple (AAPL) products, has also expressed interest in taking over Nissan.
4. Micron Technology Stock Higher Ahead of Earꦑnings
Micron Technology (MU) stock is 1.5% higher in premarket trading ahead of its fiscal 2025 first-quarter 澳洲幸运5开奖号码历史查询:earnings report after markets close today. Analysts surveyed by Visible Alpha expect Micron to report revenue of $8.72 billion, 84% higher year-over-year, and for the company to swing to a profit of $1.84 billion or $1.58 per share. Micron's report follows the announcement earlier this month that the chipmaker was 澳洲幸运5开奖号码历史查询:awarded a federal grant of up to $6.165 billion to make 澳洲幸运5开奖号码历史查询:semiconductors in the U.S. as part of the 澳洲幸运5开奖号码历史查询:CHIPS and Science Act of 2022.
5. Nvidia Stock Gains After Four ܫConsecutive Losing Sessions
After falling for 澳洲幸运5开奖号码历史查询:four consecutive sessions to slip into a 澳洲幸运5开奖号码历史查询:technical correction, shares of chipmaker Nvidia (NVDA) are about 3% higher in premarket trading. Investors are hoping Nvidia can sell significant volumes of its new Blackwell 澳洲幸运5开奖号码历史查询:artificial intelligence (AI) chips after the reported discovery of 澳洲幸运5开奖号码历史查询:overheating issues last month prompted concerns over production delays. Despite their recent struggles, Nvidia shar﷽es still are up more than 160% since the start of the year on booming demand for AI products.