The Federal Reserve delivered a 25 basis points cut on Wednesday, bringing the rates down to 3.5%–3.75%, a third consecutive reduction that met expectations but exposed a widening policy divide within the central bank.
Additionally, the central bank said that it will implement quantitative easing by resuming the purchase of shorter-maturity Treasury bills, approximately $40 billion per month.
Meanwhile, the 10-year Treasury bond yielded 4.14% and the two-year bond was at 3.53%. The CME Group's FedWatch tool‘s projections show markets pricing an 80.1% likelihood of the Federal Reserve leaving the current interest rates unchanged.
Futures
Change (+/-)
Dow Jones
-0.16%
S&P 500
-0.53%
Nasdaq 100
-0.72%
Russell 2000
-0.01%
The SPDR S&P 500 ETF Trust (NYSE:SPY) and Invesco QQQ Trust ETF (NASDAQ:QQQ), which track the S&P 500 index and the Nasdaq 100 index, respectively, were lower in premarket on Thursday. The SPY was down 0.52% at $683.99, while the QQQ declined 0.72% to $623.08, according to Benzinga Pro data.
Stocks In Focus
Oracle
Oracle Corp. (NYSE:ORCL) tumbled 11.01% after posting mixed second-quarter financial results for fiscal 2026 after the market closed on Wednesday.
It maintains a weaker price trend over the short, medium, and long terms, with a poor value ranking. Additional performance details, as per Benzinga's Edge Stock Rankings, are available here.
Broadcom
Broadcom Inc. (NASDAQ:AVGO) dropped 1.98% ahead of its earnings, scheduled to be released after the closing bell. Analysts expect earnings of $1.86 per share on revenue of $17.1491 billion for the latest quarter.
Benzinga’s Edge Stock Rankings indicate that AVGO maintains a stronger price trend over the short, ...
