"And on this hope, the Vanguard S&P 500 ETF ( NYSEMKT: VOO) is up 0.4% premarket. Williams told the crowd in Chile that, in his personal opinion, there's still "room for a further adjustment in the near term to the target range for the federal funds rate to move the stance of policy closer to the range of neutral, thereby maintaining the balance between the achievement of our two goals.""
"In earnings news, stock trading website Webull ( Nasdaq: BULL) is responding not just to the positive interest rate news, but to news of its own earnings beat in Q3. Last night Webull reported $0.07 per share in quarterly earnings, four cents better than expected, and revenue of $156.9 million - nearly $20 million more than expected. Webull stock is up 2% premarket."
Market expectations for a final quarter-point Federal Reserve rate cut in December rose sharply after comments from New York Fed President John Williams, pushing the probability to about 70% and lifting the Vanguard S&P 500 ETF premarket. Williams said there was room for a near-term adjustment to move policy closer to neutral to maintain balance between the Fed's two goals. Corporate earnings influenced market moves as well: Webull beat Q3 earnings and revenue estimates, lifting its shares, and Intuit reported stronger-than-expected quarterly profit and guided revenue roughly in line with Wall Street forecasts for fiscal 2026.
Read at 24/7 Wall St.
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