Pre-market indexes are hitting all-time highs, with the Dow up +79 points, S&P 500 +13 points, Nasdaq +88 points, and Russell 2000 slightly down. A 25 bps rate cut from the Fed is expected today, bringing the funds rate down to 3.75-4.00%. NVIDIA is the first-ever $5 trillion market cap stock thanks to AI trade.

Boeing reports a $4.9 billion loss on 777x delivery, with revenues beating expectations. Caterpillar’s Q3 earnings of $4.95 per share exceed estimates, with revenues also outperforming. Verizon’s mixed Q3 report shows earnings above expectations, while sales missed. Despite the government shutdown, these companies show positive movement in early trading.

Pending Home Sales for September will be released after the FOMC meeting today. After-market earnings reports from big companies like Microsoft, Alphabet, and Meta are expected. A semiconductor company is positioned to capitalize on data center demand growth. Check out the top stock in this emerging market now.

Read more at Nasdaq: Markets Await Fed’s Decision on Interest Rate Cut