Fed decision looms as US stocks split, with Nasdaq futures up as much as 0.5%
Photo: The Cryptonomist
US stocks were heading toward a split open on Wednesday, October 28, as investors awaited the Fed decision and earnings from Microsoft and Alphabet. Nasdaq-100 futures rose 0.3% to 0.5% , while Dow futures fell 0.2% to 0.3%, following a chip-led rally powered by Broadcom’s $63 billion financing arrangement tied to Anthropic. Key takeaways CME FedWatch put the probability of unchanged interest rates at roughly 92%. Microsoft and Alphabet’s earnings will put AI demand and spending in focus. Broadcom’s financing arrangement lifted its shares 4% on Tuesday. S&P 500 futures were near flat early Wednesday.
Source: The Cryptonomist
