U.S. Stocks on the Move-Ford, GE, P&G
SPY•U.S. stocks set for subdued opening ahead of Fed verdict
The S&P 500 and the Nasdaq were set for a subdued opening on Wednesday as investors awaited the Federal Reserve's monetary policy verdict against a backdrop of simmering Middle East tensions, while chip stocks struggled ahead of Big Tech earnings later this week.
Stocks on the move included:
- Ford Motor Co — rises after raising profit outlook.
- SK Hynix Inc — slips after record profit misses estimate.
- Devon Energy Corp — energy shares gain as crude climbs on escalating Mideast tensions.
- Seagate Technology Holdings PLC — gains after forecasting revenue and profit above estimates.
- CoStar Group Inc — sinks after annual revenue forecast cut.
- Bloom Energy Corp — rises after raising full-year forecasts.
- Cenovus Energy Corp — gains on higher second-quarter profit.
- Humana Inc — falls as unchanged annual profit forecast overshadows Q2 beat.
- Frequency Electronics Inc — drops on pricing a $100 mln stock offering.
- — climbs after better-than-expected quarterly results.
