Fed Holds Rates Steady as Meta, Microsoft, Qualcomm, Starbucks, and Chipotle Report Mixed Earnings

EarningsMacro Impact 4
โดย Zacks Investment Research·Read original
Summary · why it matters

The Federal Open Market Committee kept the federal funds rate unchanged at 3.50 to 3.75 percent for the fifth straight meeting, with three dissenting votes for a 25-basis-point hike. Fed Chair Kevin Warsh cited supply shocks, particularly oil price increases tied to the Iran conflict, as the main driver of above-target inflation while reaffirming the 2 percent goal. Bond markets reacted negatively, pushing the 10-year yield up to 4.69 percent. In after-hours earnings, Meta Platforms missed earnings estimates with $6.18 per share on revenues of $60.80 billion and saw shares drop 7 percent, while Microsoft beat handily with $4.74 per share on $90.01 billion in revenue, boosted by a $3.2 billion gain from Anthropic. Qualcomm missed earnings by a penny at $2.21 per share and lowered guidance, Starbucks beat earnings at 85 cents per share but missed on revenue, and Chipotle Mexican Grill edged past estimates with 33 cents per share on $3.35 billion in revenue.

Impact on stocks 5

Consumer Discretionary▲ · 2 stocks
Chipotle Mexican Grill Inc
CMG
± MixedCapitalrelevance

Chipotle edged past earnings estimates but the article provides no further detail on the impact.

Spatial Computing / AR/VR▼ · 1 stocks
Artificial Intelligence▲ · 1 stocks
Microsoft Corporation
MSFT
▲ PositiveCapitalrelevance

Microsoft beat earnings estimates, boosted by a $3.2 billion gain from Anthropic.

Semiconductors▼ · 1 stocks
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