Today in the stock market, the Dow is up 0.66%, with Microsoft leading the charge after a deal with AI giant OpenAI. PayPal (+16.9%) is soaring after an announcement with OpenAI, while F5 Inc. (-10%) is plummeting due to a cybersecurity incident impact. U.S. stock futures are slightly higher as the Federal Reserve begins its FOMC meeting and earnings season ramps up. Additionally, big tech companies like PayPal, Amazon, and Oracle are making moves. The Fed is expected to cut interest rates by 25 basis points, and a slew of economic data reports are on the horizon.

Read more at Yahoo Finance: U.S. Stocks Rise After PayPal, UPS Earnings; Apple Supplier Merger News