U.S. stock futures are pointing higher as investors await today's Federal Reserve interest-rate decision and comments from Chair 澳洲幸运5开奖号码历史查询:Jerome Powell; Nvidia (NVDA) shares are slightly higher in premarket trading after falling yesterday when comments from CEO Jensen Huang failed to impress investors; Morgan Stanley (MS) reportedly is planning to reduce its workforce by about 2,000 positions; and Signet Jewelers (SIG) stock is soaring after it reported stronger-than-expected fourth-quarter results.🌌 Here's what investors need to know today.
1. US Stock Futures Edge Hiಞgher Ahead of Fed Decision
U.S. stock futures are pointing higher ahead of today’s closely watched 澳洲幸运5开奖号码历史查询:Feder🍷al Reserve interest-rate decision and remarks from Chair Jerome Powell. Nasdaq futures are up 0.4% after 澳洲幸运5开奖号码历史查询:the tech-focused index shed 1.7% yest🌌erd🌄ay. 澳洲幸运5开奖号码历史查询:Dow Jones Industrial Average and 澳洲幸运5开奖号码历史查询:S&P 500 futures also are edging higher after the indexes posted losses Tuesday. Bitcoin (BTCUSD) is more than 1% higher to trade at nearly $84,000, while gold futures also are advancing. The 🧸10-year Treasury yield an🏅d oil futures are little changed.
🧜 2. Fed Expected to Keep Rates Steady as Investors Tune In for Powell Remarks
The 澳洲幸运5开奖号码历史查询:Federal Reserve is expected to keep its influential 澳洲幸运5开奖号码历史查询:federal funds rate at its current range of 4.25% to 4.5% when it concludes its meeting today at 2 p.m. ET. With inflation remaining higher than the target of 2%, Fed officials have said they were taking a 澳洲幸运5开奖号码历史查询:"wait-and-see" approach to the economy given President Donald Trum🔜p's sweeping new economic policies. Later, Fed Chair Powell is likely to offer fresh☂ insight on the economy in his remarks, which could impact markets.
3. Nvidia Stock Reboundsꦉ Modestly After Falling on CEO Remarks
Nvidia (NVDA) stock is up 1% in premarket trading after 澳洲幸运5开奖号码历史查询:investors reacted negatively to remarks from CEO Jensen Huang at the company's GTC conference yesterday, with shares closing down nearly 3.5%. During a 澳洲幸运5开奖号码历史查询:two-hour presentation, Huang provided updates about Nvidia's 澳洲幸运5开奖号码历史查询:Blackwell and next-generation Rubin🌄 chips, and announced a new partnership with General Motors (GM) to train AI manufacturing models. Early Wednesday, Microsoft (MSFT) and BlackRock (BLK) announced that Nvidia and xAI would be joining their renamed AI Infrastructure Partnership.
4. Morgan Stanley Planꦕning to Cut 2,000 Jobs, Rep༒ort Says
澳洲幸运5开奖号码历史查询:Morgan Stanley (MS) is planning to cut about 2,000 employees later this month, the first major workforce reduction under CEO Ted Pick, Bloomberg reported. The cuts will come from across the company of roughly 80,000 employees, though the firm's team of about 15,000 financial advisers won't be included in the layoffs, the report says. Morgan Stanley shares are up less than 1% in ♌premarket trading.
5. Signet Jewelers Stock S🦄oars on Stronger-Th💃an-Expected Q4 Results
Signet Jewelers (SIG) shares are surged 12% in premarket trading after the parent of Jared, Zales, and Kay Jewelers delivered better-than-expected fourth-quarter results. The company reported adjusted 澳洲幸运5开奖号码历史查询:earnings per share (EPS) of $6.62 on revenue of $2.35 billion, while analysts polled by Visible Alpha were expecting $6.25 and $2.33 billion, respectively. Comparable store sales fell by 1.1%, roughly half the decline expected. The results come after the company 澳洲幸运5开奖号码历史查询:cut its outlook after soft holiday salꦉes. "Since holiday, we increased our depth of assortment at key price points while also benefiting from improved Bridal trends," CEO J.K. S💜𓂃ymancyk said.