Stock market today: Dow, S&P 500, Nasdaq rise with US-China trade talks, Fed rate decision in focus
Disney (DIS) just revealed plans for a new theme park in the Middle East.
The media and entertainment giant said Wednesday that the new theme park and resort would be located in Abu Dhabi, United Arab Emirates (UAE), marking its first major expansion into the Middle East and its seventh global resort.
Read MoreS&P 500 Index: Disney Soars, AMD Gains as US Stocks Rise Ahead of Fed Forecast
Uber is falling around 6% after missing revenue estimates, despite beating on earnings.
Super Micro Computer is also down more than 6% after guiding weak on revenue, while AMD is gaining over 1% following strong results.
Novo Nordisk is climbing nearly 5% on bullish guidance for weight-loss drug Wegovy.
» Read more about: S&P 500 Index: Disney Soars, AMD Gains as US Stocks Rise Ahead of Fed Forecast »
Read MoreComing S&P 500 range breakout
S&P 500 had a risk-off day without breaking down, thanks in no small part to Bessent‘s announcement about an announcement some day next week. While Powell won‘t cut, accommodative messaging is on the table for today, and I look for some kind of verbal assurance coupled with job market focus. China rate cut reaction (clear accommodation) is not a good news for upcoming tariff deal framework that Wall Street would love to see.
» Read more about: Coming S&P 500 range breakout »
Read MoreLive S&P 500 (NYSEARCA: SPY): Markets Stay Mostly Positive Before Fed Does This
Investing
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After coming out of the gate higher,
» Read more about: Live S&P 500 (NYSEARCA: SPY): Markets Stay Mostly Positive Before Fed Does This »
Read MoreWashington Wants to Make Big Social Security Changes That May Hurt Retirees
President Trump during his campaign proposed exempting Social Security from federal income tax. Several lawmakers in Congress have recently introduced legislation that aims to accomplish the same goal.
- Rep. Angie Craig (D-Minn.) in January announced the You Earned It, You Keep It Act.
- Rep. Jeff Van Drew (R-N.J.) in January announced the No Tax on Social Security Act.
» Read more about: Washington Wants to Make Big Social Security Changes That May Hurt Retirees »
Read MoreThe Burst
3 Must-See Entertainment Stocks for Your Portfolio
[1] Disney
The Walt Disney Company is known for its ability to create high-quality, imaginative content that appeals to people of all ages. From classic films to modern franchises, Disney has a reputation for producing stories and characters that are beloved by many.
However, the company’s appeal extends beyond its enchanting brand.
» Read more about: 3 Must-See Entertainment Stocks for Your Portfolio »
Read MoreThe Ivy
Market Commentary: 1 Solar Stock You Cannot Afford to Miss
What a horrific year Enphase Energy has had, plunging 54% for the year and still there a few months to go. For a company that’s virtually synonymous with solar technology, what has caused this big crash in an industry that has so many tailwinds?
After all,
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