Stocks Settle Higher as US Economic News Lifts Fed Rate Cut Expectations
View original at nasdaq.comStocks Settle Higher as US Economic News Lifts Fed Rate Cut Expectations The S&P 500 Index ($SPX) (SPY) on Tuesday closed up by +0.91%, the Dow Jones Industrials Index ($DOWI) (DIA) closed up by +1.43%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed up by +0.58%…
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83% of reporting S&P 500 companies exceeded Q3 earnings forecasts, on course for the best quarter since 2021
80% confidenceFull-year comparable sales forecast raised to -2.5% to -3.0% from previous -4% to -5%
80% confidenceMeta Platforms is in talks to spend billions on Google's AI chips (TPUs) in data centers in 2027
80% confidenceAn agreement between Meta and Google would suggest Google is making headway in efforts to rival Nvidia's AI accelerator chips
80% confidenceQ1 revenue forecast of $3.0 billion to $3.2 billion
80% confidence2026 net sales forecast lowered to +3.5% to +4.5% from previous +3% to +5%
80% confidence2026 revenue forecast raised to $4.85 billion-$4.86 billion from previous $4.83 billion-$4.84 billion
80% confidenceQ3 earnings rose +14.6%, more than doubling expectations of +7.2% y/y
80% confidenceOracle stock downgraded to hold from buy with price target cut to $230 from $350
80% confidenceQ1 revenue forecast of $610 million to $630 million
80% confidenceQ1 revenue forecast of $1.53 billion to $1.55 billion
80% confidence2026 revenue forecast raised to $41.65 billion-$41.95 billion from previous $41.1 billion-$41.9 billion
80% confidence