"This article will be updated throughout the day, so check back often for more daily updates. Today's the day. Despite a lack of good government data to help it make its decision, this afternoon the Federal Open Market Committee (FOMC) will announce the results of its latest meeting, and decide whether to raise, lower, or keep interest rates steady in its second-to-last meeting of 2025."
"Earnings last night Travel giant Booking Holdings ( Nasdaq: BKNG) reported a huge earnings beat last night. Q3 profits of $99.50 per share were $4.06 better than expected, and Booking hit $9 billion in quarterly sales, about $300 million more than expected. Gaming company Electronic Arts ( Nasdaq: EA) went the other way, reporting much worse results than analysts had forecast. Earnings were only $0.54 per share versus $1.30 expected. Sales also missed the mark by about $50 million at $1.8 billion."
Investors awaited the Federal Open Market Committee's decision on a new target interest rate, with many betting on a 0.25% cut at the second-to-last 2025 meeting. The Vanguard S&P 500 ETF (VOO) traded about 0.25% higher premarket as rate-cut hopes and generally strong corporate earnings supported markets. Booking Holdings delivered a substantial Q3 profit beat and stronger-than-expected $9 billion sales, while Electronic Arts missed earnings and sales estimates. Boeing reported a significant earnings miss but posted stronger-than-expected third-quarter sales. Markets showed mixed company-level results within an overall earnings-season lift heading into the Fed announcement.
Read at 24/7 Wall St.
Unable to calculate read time
Collection
[
|
...
]