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Stocks Rally, Shaking Off Fed’s Rate Hike
The Wall Street Journal2d agobullish
Stocks Rally, Shaking Off Fed’s Rate Hike

Major stock-market indexes rallied, reversing the declines that followed the Federal Reserve’s interest-rate hike Wednesday. The PHLX Semiconductor Index rose 3.1% after comments from Intel Chief Executive Lip-Bu Tan about soaring memory prices. The Securities and Exchange Commission cleared a path for trading venues to offer tokenized stocks in the U.S., a landmark decision that may overhaul traditional equity markets.

S&P 500 Surges 1%, Breaking Losing Streak With Tech-Led Rally
Barrons.com2d agobullish
S&P 500 Surges 1%, Breaking Losing Streak With Tech-Led Rally

Stocks bounced back on Thursday, more than making up for the Federal Reserve decision-driven downturn seen in the prior session. The tech-heavy Nasdaq Composite led gains, up 1.7%, but that's not to say the rally was concentrated to one area of the market.

The Great Greek Mediterranean Grill Announces Partnership with PepsiCo
QSR2d agobullish
The Great Greek Mediterranean Grill Announces Partnership with PepsiCo

Guests can now enjoy their favorite PepsiCo beverages while enjoying a meal at The Great Greek Mediterranean Grill. The two companies announced their partnership, making PepsiCo the official provider of soft drinks for the fast-casual restaurant brand. Rolling out nationwide through 2026, the partnership brings The Great Greek Mediterranean Grill a best-in-class beverage platform designed […]

10-Year Yield Moves Explain Today's Stock Rally
Barrons.com2d agobullish
10-Year Yield Moves Explain Today's Stock Rally

Stocks moved higher, a sharp reversal from yesterday's market action, after the Federal Reserve announced a rate increase. Peter Boockvar, CIO at One Point BFG Wealth Partners, credits the equity gains to easing in Treasury yields, alongside the pullback in oil futures. The Nasdaq Composite climbed 1.6%.

Costco Ramps Up Same-Day Delivery, Expanding Uber, DoorDash Partnerships
The Wall Street Journal2d agobullish
Costco Ramps Up Same-Day Delivery, Expanding Uber, DoorDash Partnerships

Costco is expanding its fast delivery network as it works to grow sales in new ways. Earlier this week Uber said it would expand its partnership with Costco to deliver products in 47 U.S. states, up from 17 states. On Thursday DoorDash said it would also start delivering Costco products in the U.S. from all U.S. locations.

The Post-Fed Day Rebound Rally Is Underway. Thank Oil.
Barrons.com2d agobullish
The Post-Fed Day Rebound Rally Is Underway. Thank Oil.

Stocks were rallying to kick off Thursday's session with support from easing oil futures and Treasury yields. The upswing marked a rebound from yesterday's selloff which followed an interest-rate increase from the Federal Reserve and remarks from Chairman Warsh. The S&P 500 gained 1.2%, and the Nasdaq Composite was up 1.6%.

Stock Futures Surge as Wall Street Buys the Dip Following Fed Selloff
Barrons.com2d agobullish
Stock Futures Surge as Wall Street Buys the Dip Following Fed Selloff

Stocks were on track to open higher on Thursday as oil prices retreated and investors got over the worst of their worries about the Federal Reserve’s fight against inflation. Nasdaq 100 futures jumped 1.1%. The S&P 500 and the Dow both dropped the previous session after the Fed hiked interest rates for the first time in more than three years, with Chairman Kevin Warsh signaling there could be more tightening.

Fuel Price Surge Prompts Airlines to Cut Flights—and Keep Fares High
The Wall Street Journal3d agobullish
Fuel Price Surge Prompts Airlines to Cut Flights—and Keep Fares High

Airlines are cutting money-losing flights to protect pricing power as fuel prices march higher, executives said Wednesday. United Airlines Chief Financial Officer Mike Leskinen said United would drop some flights in December and could cut flights into next year if fuel prices stay high. The rise in fuel prices since the start of the Iran war has undermined airline profits.

GEV Stock Jumps After GE Vernova CEO Touts This Milestone
Investor's Business Daily3d agobullish
GEV Stock Jumps After GE Vernova CEO Touts This Milestone

Despite widespread AI concerns, GE Vernova expects to reach a key backlog target sooner than expected. GEV stock jumped on Wednesday. At a Morgan Stanley conference, GE Vernova CEO Scott Strazik reportedly said the company's backlog, which ended the second quarter at $176 billion, is on track to hit $200 billion "very early" in 2027.