Mixed Stock Futures ahead of Fed Rate Decision; Dow Jones Today

Mixed Stock Futures ahead of Fed Rate Decision; Dow Jones Today

Stocks Making the Biggest Moves in Early Trading

1 minute ago

Gains:

  • PDD Holdings Inc. (PDD): Shares of the Chinese e-commerce company soared more than 16% after its fourth-quarter revenue and earnings blew past analyst estimates. 
  • Chipotle Mexican Grill Inc. (CMG): Shares of the fast-casual chain restaurant jumped 5% after it announced its board had approved a 50-to-1 stock split. 
  • Intel Corp. (INTC): Shares of the chipmaker rose about 3% after the White House awarded it $8.5 billion in CHIPS Act grants for the expansion of its U.S. manufacturing capacity. 

Losses:

  • Nasdaq Inc. (NDAQ): Shares of the stock exchange and trading services provider slid more than 4% after Bourse Dubai, its largest shareholder, said it would sell one-third of its stake for about $1.6 billion. 
  • Super Micro Computer Inc. (SMCI): Shares of the IT and computer products company fell more than 2% to about $890 after it priced its public offering, announced yesterday, at $875. 
  • Boeing Co. (BA): Shares of the jet maker fell nearly 2% after its CEO said its commercial plane unit’s operating profit margin would plunge to -20% in the first quarter amid fallout from January’s Alaska Airlines door plug incident. 

Stock Futures Mixed Ahead of Fed Rate Decision

1 hr 8 min ago

Futures contracts connected to the Dow Jones Industrial Average were down about 0.1% in premarket trading on Wednesday.

S&P 500 futures were up little changed from Tuesday’s close.

Nasdaq 100 futures traded 0.2% higher about an hour before markets opened.

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