In This Article:
Investors are shifting their focus from the election to the Federal Reserve today. The FOMC will make its decision on interest rates at 2 p.m. ET with chair Jerome Powell speaking at 2:30 p.m. ET. Economists widely expect the central bank to cut rates by 25 basis points. One of the biggest movers on Wall Street is Qualcomm (QCOM). The chip giant posted Q4 results that topped analyst estimates on both the top and bottom lines while also issuing better-than-expected guidance for the current quarter. Other trending tickers on Yahoo Finance include Lyft (LYFT), Arm Holdings (ARM), and MercadoLibre (MELI).
Key guests include:
9:05 a.m. ET - Janet Rilling, Allspring Global Investments Senior Portfolio Manager
9:45 a.m. ET - Drew Wilkerson, RXO CEO
10:20 a.m. ET - Bernie McTernan, Needham & Company Managing Director
10:40 a.m. ET - Shehzad Qazi, China Beige Book International Managing Director
11:00 a.m. ET - Matt Powers, Powers Advisory Group Managing Partner