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📈 TL;DR — What Moved, What Didn’t
The U.S. central bank (FOMC*) cut rates by 0.25% yesterday. Stocks cheered into the close, led by small caps. The U.S. dollar slipped, and Treasury yields eased as markets penciled in a cautious path for 2026. Gold firmed and Bitcoin chopped.
The Fed’s statement and Chair Powell’s remarks signaled divisions on the committee, so future cuts may be slower. Read the meeting recap below for more info. Net: cheaper money helped risk assets for the day, while bonds priced a softer path ahead.
Quick Levels → Week-to-date change
S&P 500: 6,886.69 | ↑0.24%
Nasdaq 100: 25,776.44 | ↑0.33%
Dow: 48,057.76 | ↑0.21%
Russell 2000: 2,559.61 | ↑1.51%
Gold/oz: $4,213 | ↑0.36%
Bitcoin (BTC): $90,243 | ↓0.18%
U.S. Dollar Index (DXY): 98.64 | ↓0.35%
🚀 Top Movers This Week
EchoStar (SATS) ↑26.80% — Speculation on 2026 SpaceX IPO and spectrum-for-equity deals; Morgan Stanley upgrade added fuel.
GE Vernova (GEV) ↑14.52% — Raised multi-year guidance, doubled dividend, and expanded buybacks; AI-driven power demand lifted sentiment.
Warner Bros. Discovery (WBD) ↑13.23% — Bidding war hopes rise as Paramount’s all-cash offer competes with Netflix’s bid.
Micron (MU) ↑11.17% — Price-target hikes and DRAM/HBM demand optimism ahead of next week’s earnings drove strong bids + Citi lifted target to $300.
AeroVironment (AVAV) ↓11.90% — Record sales, but EPS miss and trimmed profit outlook sparked a sharp pullback.
Oracle (ORCL) ↓11.23% — Earnings and guidance disappointed and bigger AI data-center capex stoked margin worries (% change reflects Wed. after-hours plunge).