📈 Stock Market News: Here comes the FED - Futures higher heading into the open
Here's what is happening in the markets today, Wednesday, September 22nd
Here's what is happening in the markets today, Wednesday, September 22nd:
- Futures are pointing to a higher start after the S&P and DOW closed lower yesterday for the 3rd day straight.
- All eyes on the Fed as it wraps up its 2-day policy meeting today.
- Evergrande's debt crisis remains in the spotlight with a 83.5M interest Bond payment due tomorrow and a 47.5M due next week.
- ConocoPhillips (COP) is going to be the 2nd largest oil & gas producer in the lower 48 states after acquiring Shell's Permian Basin.
- SoFi (SOFI) is up more than 5% pre-market after analyst Jefferies initiated its coverage with a buy rating.
- The house passed a bill that will prevent a government shutdown and suspend the debt limit. The bill now goes to Congress.
- Adobe (ADBE) is almost 4% lower pre-market after reporting better than expected earnings.
- General Mills (GIS) up almost 3% pre-market after an earnings beat.
- FedEx (FDX) is down 6% pre-market after missing earnings expectations.
- Stich Fix (SFIX) is up almost 12% pre-market after a surprise earnings win.
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