Wednesday, October 28, 2026

AI-generated from this record only and gated so that every figure appears in it. Informational only — not investment advice.

Fed interest-rate decision (FOMC, 2:00 PM ET)

The Federal Reserve left the target range for the federal funds rate unchanged at 3-3/4 to 4 percent on a 10-2 vote at 2:00 PM ET, citing support for its dual mandate. The Dow and S&P 500 were off highs, with the Nasdaq lower in the final hour, as the Fed held rates steady.

Official release at the Federal Reserve →

1. Pre-open outlook4:02 AM ET

   US stocks are coming off a Tuesday session that saw the Nasdaq up sharply in the final hour as chip stocks bounced, while the Dow pulled back from highs. Oil prices rose after Houthi attacks on a Saudi Arabian refinery raised supply worries, and UBS reported third-quarter pre-tax profits jumped 27% to $3.59 billion. Attention today centers on the Fed's interest-rate decision at 2:00 PM ET, followed by Thursday's PCE inflation report.

2. Midday check1:03 PM ET

   US stocks opened higher Wednesday. Healthcare names extended a historic winning streak, while Stellantis jumped 12% on its turnaround plan and Wendy's rose 15% on a $1.4 billion buyout offer. The 10-year Treasury yield ended Tuesday at 4.99%, down 13 basis points from a week earlier. The Fed's decision arrives at 2 p.m. ET, followed by Thursday's PCE inflation report.

3. Closing wrap7:31 PM ET

   The Federal Reserve kept its policy‑rate target at 3.75 %–4.00 % on a 10‑2 vote, saying it supports the dual mandate. Lumentum rallied on rumours of a sale to Marvell, while DoorDash signaled a deal to buy Instacart as early as Thursday. All eyes now turn to Thursday’s US PCE inflation report.

AI-generated as the day ran, from the data of each moment; corrections keep the original one click away. Informational only — not investment advice.

Scheduled and released

• Fed interest-rate decision (FOMC, 2:00 PM ET) — held the federal funds target range at 3-3/4 to 4 percent (vote 10-2, with dissent)

Headlines of the day

1. 4:02 AM ETOil prices rise as Houthi attacks on Saudi Arabian refinery raise supply worries — CNBC
2. 4:02 AM ETNasdaq up sharply in final hour as chip stocks bounce; Dow pulls back from highs — MarketWatch
3. 4:02 AM ETMeta- and Google-backed Jio Platforms’ shares soar over 21% on trading debut after record IPO — CNBC
4. 4:02 AM ETBoeing says it won't significantly ramp up 737 Max production until late 2027 — CNBC Earnings
5. 4:02 AM ETUBS pre-tax profits jump 27% in third quarter to $3.59 billion as wealth inflows surge — CNBC World
6. 4:02 AM ETRobinhood shares fall 4% as crypto slump weighs on profits, offsetting gains in new businesses — CNBC Earnings
7. 4:32 AM ETFed rate hikes are coming, but not this week: CNBC survey — CNBC Economy
8. 4:32 AM ETEarly third-quarter earnings show a 'resilient' U.S. consumer, with signs of strain — CNBC Earnings
9. 5:01 AM ETIsraeli bonds, shekel fall as election leaves Netanyahu and others far short of majorities — CNBC World
10. 5:01 AM ETSK Hynix shares jump 11% after record quarterly profit, outperforming broader market — CNBC
11. 5:01 AM ETBoeing shares slide on a disappointing cash flow update. Why this dip is buyable — CNBC Earnings
12. 5:31 AM ETSK Hynix delivered on third-quarter results — but the outlook is what really mattered to Wall Street and the AI trade — MarketWatch
13. 6:32 AM ETStellantis reports $4.5 billion cash drain as massive turnaround plan continues — CNBC World
14. 6:32 AM ETTrump says Iran war will end 'when I want it to' as costs reportedly balloon to $47 billion — CNBC
15. 7:02 AM ETTreasury yields tick higher ahead of Federal Reserve interest rate decision — CNBC
16. 7:31 AM ETEconomic calendar: Fed’s interest-rate decision at 2 p.m. — MarketWatch
17. 9:31 AM ETWendy's shares jump 15% as Nelson Peltz's Trian offers $1.4 billion to buy burger chain — CNBC
18. 9:31 AM ETVertiv earnings just sent an upbeat signal about AI ahead of Big Tech results — MarketWatch
19. 10:01 AM ETDow, Nasdaq, S&P 500 open higher with tech, Fed news coming — MarketWatch
20. 12:31 PM ETMicrosoft earnings will land after the close — CNBC Earnings
21. 12:31 PM ETMicron’s stock rises after SK Hynix earnings. Here’s its next major test. — MarketWatch
22. 1:03 PM ETAlphabet set to report Q3 earnings after the bell as shaky AI trade looks for signs of strength — CNBC Earnings
23. 1:03 PM ETHere's what options traders see before Alphabet, Microsoft report after the bell — CNBC
24. 1:31 PM ETFed decision less than an hour away, as inflation keeps pressure on Warsh — live — MarketWatch
25. 2:31 PM ETFed leaves key interest rate unchanged; two dissenters favored rate hike — live — MarketWatch
26. 2:31 PM ETFed holds rates steady despite concerns over inflation — CNBC
27. 3:02 PM ETWarsh speaks after Federal Reserve leaves interest rates unchanged — follow live — MarketWatch
28. 3:02 PM ETHere is what changed in the new Fed statement — CNBC
29. 3:02 PM ETOracle stock pops 13% as long-term revenue forecast and clarity on financing ease debt concerns — CNBC Earnings
30. 3:32 PM ETWarsh says Fed will hold fewer interest-rate votes at 2027 and 2028 meetings — MarketWatch
31. 3:32 PM ETDow and S&P 500 off highs, Nasdaq lower in final hour as Fed holds rates steady — MarketWatch
32. 4:33 PM ETBessent says 'not necessarily' a mistake if the Fed hikes again — CNBC Economy
33. 4:33 PM ETAlphabet earnings are out. Here’s what Google investors need to know. — MarketWatch
34. 4:33 PM ETDow, S&P 500 and Nasdaq all end higher after Fed leaves interest rates unchanged — MarketWatch
35. 5:01 PM ETServiceNow’s stock slides as earnings miss clouds a raised AI outlook — MarketWatch
36. 5:31 PM ETDoorDash's deal to buy Instacart coming as early as Thursday morning, sources tell CNBC — CNBC
37. 5:31 PM ETThe UK cuts energy bills, taxes banks and boosts defense in high-stakes budget — CNBC Economy
38. 6:31 PM ETHere are five key takeaways from the Fed rate decision and Warsh news conference — CNBC Economy
39. 7:01 PM ETFedEx beats expectations, raises outlook in first report since calendar adjustment — CNBC Earnings

The Federal Reserve kept its policy-rate target at 3.75%–4.00% on a 10-2 vote on Wednesday, supporting the dual mandate, while all eyes turn to Thursday's US PCE inflation report. Stocks closed Monday on broad gains as Anthropic's IPO filing boosted technology and AI names, with Microsoft offering voluntary buyouts to 60,000 employees. Tuesday saw the broader market leave Big Tech behind after a historic comeback, with Boeing sliding on a disappointing cash flow update and Robinhood falling 4% on crypto weakness. Lumentum rallied Wednesday on rumours of a sale to Marvell, while DoorDash signaled a deal to buy Instacart as early as Thursday. US Treasury yields at Wednesday's close saw the 10-year at 5.05%, up 6 bp from Tuesday. Thursday brings the US PCE inflation report, the Fed's preferred gauge.

AI-generated at that day's close, from the week's data to that point. Informational only — not investment advice.