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Wall Street is bracing for tomorrow's Fed Decision, where the central bank is widely expected to cut interest rates. Fed Chair Jerome Powell and company kick off their two-day policy meeting this morning. The September meeting comes amid the release of more key economic data, including August retail sales out this morning.
On the tech front, both Microsoft (MSFT) and Intel (INTC) shares are higher. Microsoft is rising after the company raised its dividend, while Intel is jumping after it announced plans to make its foundry business a subsidiary. This comes after a strong day yesterday for the stock following the Biden Administration's decision to award Intel with up to $3 billion in funding through the CHIPS and Science Act.
Yahoo Finance trending tickers include Deckers Outdoor Corporation (DECK), Shopify (SHOP), and Dell Technologies (DELL).
Key guests today include:
9:30 a.m. ET - Eric Freedman, U.S. Bank Asset Management Group CIO
10:30 a.m. ET - Paul Gruenwald, S&P Global Ratings Global Chief Economist, and Crit Thomas, Touchstone Investments Global Market Strategist
10:45 a.m. ET - Bradley Tusk, Tusk Venture Partners Founder and CEO