S&P500 (SNPINDEX:^GSPC) fell 0.01% to 6,978.03 in muted post-Fed trading today. The Nasdaq Composite (NASDAQINDEX:^IXIC) rose 0.17% to 23,857.45, near record territory, and Dow Jones Industrial Average (DJINDICES:^DJI) rose 0.02% to 49,015.60.
Earnings disappointment hit industrial companies such as water solutions and software companies Badger meter (NYSE:BMI) fell 11.00% to $146.32 after a loss in sales. The Megacap profits are in the spotlight, with results from Meta (NASDAQ:META), Microsoft (NASDAQ:MSFT)And Tesla (NASDAQ: TSLA) Today. Tesla reported after the market closed and beat expectations, but with a decline in revenue.
Meanwhile, RBC reiterated its “Outperform” rating Intuitive (nanda:int)suggesting the recent pullback could be a buying opportunity. C3.ai (NYSE:AI) rose 4.21% to $13.13 on merger headlines.
As expected, the Federal Reserve did not cut rates today and kept the benchmark at a range of 3.5%-3.75%. After the decision, Fed Chairman Jerome Powell pointed to an improving economic outlook and a stabilizing unemployment rate. CME FedWatch now estimates that there will be two rate cuts this year, with analysts leaning toward a first cut in June.
Nasdaq rose slightly ahead of this week’s artificial intelligence (AI) and megacap gains. Meta rose in after-hours trading after beating analyst expectations. Microsoft declined despite better-than-expected results, possibly due to investor concerns about high AI spending. Apple (NASDAQ:AAPL) will report tomorrow.
Results from top tech companies will give investors a better understanding of how the AI market is developing, especially as fears of higher prices fuel rumors of a correction in 2026.
Have you ever felt like you missed the boat on buying the most successful stocks? Then you would like to hear this.
On rare occasions, our expert team of analysts provides a “Double Down” Stocks recommendation for companies they think are about to pop. If you’re worried that you’ve already missed your chance to invest, now is the best time to buy before it’s too late. And the numbers speak for themselves:
-
Nvidia: If you had invested $1,000 when we doubled in 2009, you would have $488,969!*
-
Apple: If you had invested $1,000 when we doubled in 2008, you would have $49,133!*
-
Netflix: If you had invested $1,000 when we doubled in 2004, you would have $461,527!*
We’re currently issuing ‘Double Down’ warnings for three incredible companiesavailable when you become a member Stock Advisorand there may not be another opportunity like this anytime soon.
