S. stock futures are trading mixed early Wednesday as Wall Street braces for a monumental session featuring the Federal Reserve’s latest interest rate decision, blockbuster earnings from Microsoft Corp.
(NASDAQ:MSFT) and Alphabet Inc. -Iran conflict.
The Polymarket traders, a Polygon (CRYPTO: POL) based prediction platform, are leaning slightly bullish for the Oct. 28 trading session.
” contract currently reflects a 55% chance of a higher open. Why That Number Matters Traders are balancing early morning tech strength against rising crude oil prices and ballooning geopolitical expenses: Mixed Index Futures: Equity futures are mixed with a tech bias.
35%. 04%.
14%. S.
war in Iran has now cost over $47 billion, significantly exceeding earlier estimates as the military moves to replace expended munitions and lost drone platforms. 43 a barrel.
55 billion, a more than sevenfold jump, and announcing $75 billion in shareholder returns, solidifying the long-term AI demand narrative. Meanwhile, President Donald Trump escalated his rhetoric on AI terminology, stating he is “officially banning” the term “Artificial Intelligence” in government documents in favor of “Super Intelligence,” drawing swift political pushback.
Fed Decision & Earnings Docket: Wednesday’s slate is massive as MSFT and GOOGL headline a packed docket that also features GE Vernova Inc. (NYSE:GEV), ServiceNow Inc.
(NYSE:NOW), and T-Mobile US Inc. (NASDAQ:TMUS).
S. m.
ET. m.
ET. The Bull Case and Market Outlook Technology strategist Luke Lango argues that peak-cycle fears in the AI trade are vastly overstated, pointing to a fresh wave of strong earnings across the AI supply chain.
2 billion backlog and Celestica’s 90% revenue growth guidance for 2027, Lango notes this represents the “middle of a build-out,” not a peak. With semiconductor ETFs like SMH and SOXX bouncing off their summer floors and momentum indicators turning bullish, Lango suggests the market is coiled and ready.
S. midterms, and imminent mega-cap tech earnings from Microsoft and Alphabet.
How the Previous Bet Played Out The Oct. ” The contract recorded $45,736 in total trading volume.
On Tuesday, the SPDR S&P 500 ETF Trust (NYSE:SPY) and Invesco QQQ Trust ETF (NASDAQ:QQQ), which track the S&P 500 and Nasdaq-100, respectively, closed higher. 25.
28. Read Also: Michael Burry Says Anthropic’s IPO Filing Has a Lot, but ‘Nothing That Changes’ His View: Big Short Investor Calls Out ‘Slowing’ Revenue Growth Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
