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Barchart
Barchart
Rich Asplund

Stocks Mixed Ahead of an Expected Fed Rate Cut

THe Nasdaq SP Dow Jones Industrials On United States US Federal Reserve Baird General Mills Jabil Inc

The S&P 500 Index ($SPX) (SPY) today is down -0.11%, the Dow Jones Industrials Index ($DOWI) (DIA) is up +0.12%, and the Nasdaq 100 Index ($IUXX) (QQQ) is down -0.22%.  Dec E-mini S&P futures (ESZ24) are down -0.05%, and Dec E-mini Nasdaq futures (NQZ24) are down -0.21%.

Stock indexes today are mixed ahead of an expected -25 bp interest rate cut by the FOMC this afternoon.  Corporate news today is mixed for stocks.  Jabil Inc. is up more than +8% after reporting better-than-expected Q1 net revenue and forecasting Q2 net revenue above consensus. Conversely, General Mills is down more than -3% after forecasting organic net sales growth for 2025 at the lower end of a previously given range due to higher promotional investments. 

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