Fed Cuts Rates, Stocks Drop; Earnings Ahead

Stock futures waver as Feds rate cut impact unfolds; Oracles slide contributes to drops in S&P and Nasdaq. Despite a divided Feds decision to lower rates, the broader market closed higher. Powell hints at no rate hike, citing economic strength and tariffs inflation role. Earnings season wraps up with Broadcom, Costco, and Lululemon reporting; Synopsys surges post-earnings following Nvidias strategic investment.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.