Markets News
Latest stock market news and real-time market analysis. Track S&P 500, Nasdaq, and Dow Jones movements, sector rotations, and breaking market events.
Fed Stays Pat on Rates, Signals 2026 Hike; Warsh's Hawkish Debut Shakes Markets
The Fed held rates steady at 3.50%-3.75% in Kevin Warsh's debut as chair, with a hawkish dot plot projecting a 2026 rate hike to 3.8% and higher inflation forecasts. The S&P 500 fell 1.21% and 2-year Treasury yields surged 16 bps.
ServiceNow Plunges as Software Stocks Sink on Hawkish Fed Outlook
ServiceNow shares plunged nearly 6% as software stocks sank on hawkish Fed rate concerns, despite a price target hike to $130 from Benchmark.
Ford Drops 3.1% as Fed Hawkishness, China Software Rule Pressure Auto Sector
Ford shares dropped 3.1% to $13.96 after the Fed hinted at rate hikes, compounding weak May sales and a China software license issue for the Lincoln Nautilus.
Rocket Shares Slide 6% as Fed Rate Hold, Downgrade Pressure Mortgage Lenders
Rocket Companies shares dropped 6% as the Federal Reserve kept rates unchanged and BTIG downgraded the stock, highlighting ongoing headwinds for mortgage lenders.
Nebius Shares Leap 8.4% on Eigen AI Acquisition, Nasdaq-100 Inclusion Looms
Nebius shares surged 8.4% to $287.49 after completing the Eigen AI acquisition, as the company gears up for Nasdaq-100 inclusion on June 22, which could attract index-fund demand.
TD Bank Shares Surge to 52-Week Peak on Wholesale Earnings and Leadership Revamp
TD Bank shares rose to a 52-week high on record wholesale earnings and a leadership reshuffle at TD Securities, as the broader Canadian market also hit new highs.
Fermi Shares Surge as Ex-CEO Backs Rival Candidate in Board Battle
Fermi shares surged 12.8% on Wednesday after former CEO Toby Neugebauer threw his support behind John Sellers to lead the company, escalating a governance battle.
AT&T Stock Slips on CFO Retirement, Heightened Debt and Fiber Concerns
AT&T shares dropped 3.8% after CFO Pascal Desroches announced retirement, sparking worries over debt and fiber investment.
Bradesco Shares Rise on Copom Rate Cut Hopes; Ibovespa Gains
Banco Bradesco preferred shares advanced 1.19% to R$17.87 ahead of an expected Selic rate cut by Copom. The Ibovespa gained 1%, but inflation above target and global rate uncertainty keep bank stocks under pressure.