"The Federal Open Market Committee has been meeting and debating whether to lower interest rates one final time this year. This afternoon, the decision will be made. About 90% of pundits polled seem to be confident the answer will be: Yes. But the very fact that this is not a surprise means investors aren't reacting much to the prospect of good news. Premarket, the Vanguard S&P 500 ETF ( NYSEMKT: VOO) is precisely flat, neither up nor down even 0.1%."
"In earnings news, meme stock GameStop ( NYSE: GME) missed earnings by a nickel last night, reporting a Q3 profit of $0.13 per share. Sales likewise fell far short of estimates at $821 million. The stock is down nearly 5% premarket. Cracker Barrel ( Nasdaq: CBRL) also missed, by six cents, following its signage debacle earlier in the quarter. The company lost $0.74 per share in Q1 2026, and revenue was a weak $797.2 million."
Federal Open Market Committee members are deciding whether to lower interest rates one final time this year, with a decision due this afternoon. About 90% of pundits expect a cut, yet investors are largely unmoved and the Vanguard S&P 500 ETF (VOO) is flat premarket. GameStop reported Q3 profit of $0.13 and $821 million in sales, missing estimates and trading down nearly 5%. Cracker Barrel lost $0.74 per share in Q1 2026, recorded $797.2 million in revenue, and guided annual sales to $3.2–$3.3 billion. AeroVironment posted fiscal Q2 profit of $0.44, beat revenue at $472.5 million, but warned sales may fall short of $2 billion and its stock is down over 5%.
Read at 24/7 Wall St.
Unable to calculate read time
Collection
[
|
...
]