Stock indexes are mixed with the S&P 500 up by +0.05%, the Dow Jones up by +0.26%, and the Nasdaq 100 down by -0.22%. Markets are cautious ahead of the 2-day FOMC meeting, expecting a 25 bp rate cut. Overseas markets show mixed performance. German trade data disappoints with weaker exports and imports. Swaps indicate a 1% chance of an ECB rate cut in December.

Corporate earnings season closes strong with 83% of S&P 500 companies beating forecasts. Q3 earnings rose +14.6%, surpassing expectations. Interest rates are steady with T-notes up due to FOMC meeting anticipation. European bonds see lower yields. Trump hints at a new Fed Chair in early 2026. Markets anticipate a 95% chance of a -25 bp rate cut this week.

US stock movers include Toll Brothers, SLM Corp, Caleres, Graphic Packaging Holding, AutoZone, Ollie’s Bargain Outlet Holdings, Ares Management, Core & Main Inc, CVS Health, Viking Holdings Ltd, Eaton Corp Plc, and Otis Worldwide. Earnings reports due on 12/9 include AutoZone Inc, Campbell’s Company/The, Casey’s General Stores Inc, Core & Main Inc, Ferguson Enterprises Inc, GameStop Corp, Ollie’s Bargain Outlet Holding, and SailPoint Inc.

Read more at Yahoo Finance: Stocks Mixed as FOMC Meeting Begins