Stock market news — Wednesday, 28 October 2026

Here are five key takeaways from the Fed rate decision and Warsh news conference

Even though the interest-rate vote went as expected, there were a few surprises out of this week's Federal Open Market Committee meeting.

Fed meeting recap: Warsh says central bank will host fewer rate-setting meetings in future years

The Federal Reserve held steady on rates at the conclusion of its October meeting, maintaining its target range of 3.75% to 4%.

Fed Stands Pat But with Two Dissents; S&P 500 Higher After Warsh Comments (Live Coverage)

Policymakers voted 10-2 on Wednesday to keep rates unchanged. Fed chief Kevin Warsh has finished speaking.

Wendy's shares jump 15% as Nelson Peltz's Trian offers $1.4 billion to buy burger chain

Wendy's has endured a tough two-year stretch as diners eat out less often.

DoorDash's deal to buy Instacart coming as early as Thursday morning, sources tell CNBC

Speculation of a deal has swirled since last week, and several outlets reported the acquisition could value Instacart at roughly $17 billion.

Oracle stock pops 11% as long-term revenue forecast and clarity on financing ease debt concerns

Oracle issued a revenue forecast for fiscal year 2030 of $225 billion, and said it will limit additional fundraising over that stretch to $20 billion.

Fed holds rates steady despite concerns over inflation

Two of the 12 Federal Open Market Committee voters dissented from the decision. Both wanted to raise rates by a quarter percentage point.

Wall Street backbone DTCC brings $30 trillion securities closer to blockchain with major banks

DTCC's tokenization service went live on Canton Network and private chain Besu, with JPMorgan, Citi and Morgan Stanley among 20 firms signed up.

As Waymo expands overseas, it remains a niche cash-burning business

Alphabet's Other Bets segment, which includes Waymo, accounted for 0.3% of total revenue in the quarter.

One passport isn’t enough for some wealthy Chinese. Here’s where they’re looking next

For some wealthy Chinese, securing a foreign passport is becoming worth the ultimate trade-off: giving up their citizenship.

HyProMag USA PFS outlines $2.1B upside from rare earth magnet platform expansion

Company eyes expanding beyond its first plant in Northlake, Texas, which is in detailed engineering.

Fortinet’s stock is taking a dive after earnings. Here’s why.

Cybersecurity stocks are broadly falling as growth slows significantly in one of Fortinet’s business segments.

DoorDash's deal to buy Instacart coming as early as Thursday morning, sources tell CNBC

Speculation of a deal has swirled since last week, and several outlets reported the acquisition could value Instacart at roughly $17 billion.

ServiceNow’s stock slides as earnings miss overshadows a raised AI outlook

Even with an uptick in multimillion-dollar AI deals, ServiceNow’s earnings results weren’t enough to win over software skeptics.

Is it curtains for COLA? Saving Social Security could mean changing the cost-of-living adjustment.

Several proposals consider changing the way retirees receive inflation protection. Here’s what it could cost you.

Hands-on with Apple's first touchscreen laptop: Touch is totally optional

Any button that can be clicked can also be touched.

FedEx beats expectations, raises outlook in first report since calendar adjustment

FedEx on Wednesday beat Wall Street expectations on the top and bottom lines for the third quarter of its newly aligned fiscal year.

Chipotle now has more demand from lower-income diners than higher-income ones

The fast-casual chain says menu-price increases helped results. It also noted rising beef costs and “higher protein usage” as people try to find ways to pack more protein into their diets.

Chipotle shares rise 7% after CEO says same-store sales growth will continue

For the first time this year, low-income consumers during the quarter outperformed the high-income cohort at its restaurants, CEO Scott Boatwright said.

Alphabet sinks 10% as it holds 2026 capex unchanged, expects significant increase in 2027

Alphabet missed Q3 expectations on earnings and revenue, its first top-and-bottom-line miss in nearly four years.

Green Manganese trials deliver high recovery rates alongside zinc extraction

The company said results address two connected challenges for smelters: treating hazardous industrial residues and recovering valuable metals that would otherwise remain in sludge settling ponds or be lost to disposal.

Ford reports mixed third-quarter results, says 2027 earnings will be in line with this year

Ford Motor reported earnings that beat Wall Street’s estimates but slightly missed on revenue.

Microsoft stock jumps 4% as cloud growth drives earnings and revenue beat

Microsoft reported better-than-expected results driven by 48% growth in Azure revenue.

3 Reasons to sell WASH and 1 stock to buy instead

Washington Trust Bancorp’s 22.3% return over the past six months has outpaced the S&P 500 by 14.8%, and its stock price has climbed to $39.11 per share. This was partly thanks to its solid quarterly results, and the performance may have…

Dow Jones Futures: Microsoft Rises Late, But Google, ServiceNow And Fortinet Dive On Earnings

After the stock market rose for a third day, Microsoft rose late on strong earnings. But Google, ServiceNow and Fortinet dived.

Google Earnings Miss As Cloud Computing Booms, Search Growth Slows

Google stock fell amid Q3 cloud computing growth that beat expectations while internet search advertising growth slowed again.

Here are five key takeaways from the Fed rate decision and Warsh news conference

Even though the interest-rate vote went as expected, there were a few surprises out of this week's Federal Open Market Committee meeting.

BC-Select Stock Indices

NEW YORK (AP) — Prices as of 5:30:00 PM Wednesday, October 28. Change High Low Dow Jones 15 Utilities 1103.

Crypto Market Today, Oct. 28: Bitcoin and Altcoins Gain as Fed Decision Clears the Way for Big Tech Earnings

Bitcoin extended its recovery above $81,000 as the Fed held interest rates steady, with investors now turning their attention to major Big Tech earnings that could shape the market's next move.

Why did the Fed hold off on raising interest rates? Warsh says it’s because an ‘information-rich’ period is coming.

Federal Reserve Chairman Kevin Warsh addressed why the central bank didn’t raise interest rates on Wednesday.

Alphabet Earnings: Search Misses, Google Cloud Grows 103%

Alphabet missed on EPS and revenue as search and YouTube came in light, while Google Cloud grew 103%. Eric Bleeker breaks down why shares are down 9% after hours.

Phillips 66 Q3 2026 Earnings Call Summary

Moby summary of Phillips 66's Q3 2026 earnings call

Colombia stocks lower at close of trade; COLCAP down 0.03%

US bans imports from BGI Genomics, MGI Tech, citing ties to forced labor in Xinjiang

Microsoft Earnings: Azure Leads Growth, CapEx Comes In Light

Microsoft beat on revenue and EPS, Azure grew 48% against a 45% estimate, and capital spending came in well below expectations. Eric Bleeker breaks down why shares are up after hours.

Microsoft (NASDAQ:MSFT) posts better-than-expected sales in Q3 CY2026

Technology giant Microsoft (NASDAQ:MSFT) reported calendar Q3 2026 (fiscal Q1 2027) results topping the market’s revenue expectations, with revenue up 18.8% year on year to $92.28 billion. Its non-GAAP profit of $4.92 per share was 4.3%…

ProPetro Holding Corp. Q3 2026 Earnings Call Summary

Moby summary of ProPetro Holding Corp.'s Q3 2026 earnings call

Russia stocks higher at close of trade; MOEX Russia Index up 0.66%

S&T Bancorp, Inc. Increases Quarterly Cash Dividend

The Board of Directors of S&T Bancorp, Inc. (S&T) (NASDAQ: STBA), the holding company for S&T Bank, approved a $0.38 per share cash dividend on October 28, 2026. This is an increase of $0.01, or 2.70 percent, compared to a cash dividend…

Weil Gotshal law firm plans to dissolve, capping dizzying fall

Veramark launches platform for responsible metals sourcing

Network is designed to connect companies and stakeholders across the minerals and metals value chain.

Microsoft Stock Jumps on Earnings Beat. Capex Was Lower Than Expected.

Microsoft stock was rising late Wednesday after the tech giant reported better-than-expected results

Parsons Corporation Q3 2026 Earnings Call Summary

Moby summary of Parsons Corporation's Q3 2026 earnings call

GE Vernova Inc. Q3 2026 Earnings Call Summary

Moby summary of GE Vernova Inc.'s Q3 2026 earnings call

Does Karman Stock's Valuation Make Sense?

For questions about this article or underlying research, email help@trefis.com.

Bitcoin-backed mortgages are coming to Canada, but borrowers are still unaware of the cost

Prospective borrowers face collateral liquidation risks if bitcoin prices drop, though APX said property and crypto collateral will be handled distinctly.

Alphabet shares fall after revenue miss, cash burn worsens

Prosperity Bancshares, Inc. Q3 2026 Earnings Call Summary

Moby summary of Prosperity Bancshares, Inc.'s Q3 2026 earnings call

Cocoa Falls on Rising ICE Inventories and Potential Brazilian Cocoa Sales

December ICE NY cocoa (CCZ26 ) closed down -121 (-2.17%) on Wednesday, and December ICE London cocoa #7 (CAZ26 ) closed down -83 (-1.95%). NY cocoa prices edged to a new 1-month low on Wednesday and closed more than -2% lower. Cocoa…

Crude Oil Prices Rally on Report that Persian Gulf Is on Notice for US Military Attack on Iran

December WTI crude oil (CLZ26 ) closed up +2.88 (+2.88%) on Wednesday, and December RBOB gasoline (RBZ26 ) closed up +0.0449 (+1.47%). Dec WTI crude oil prices rallied on Wednesday after the Wall Street Journal reported late Tuesday…

Nat-Gas Prices Move Higher on Cooler Forecasts and Restored LNG Shipments

December Nymex natural gas (NGZ26 ) on Wednesday closed up +0.028 (+0.93%). Dec nat-gas prices on Wednesday closed higher on increased LNG flows to Gulf export terminals, which reduced domestic gas inventories. LNG flows to the Freeport…

Sugar Prices Rise on Report of Reduced Brazilian Sugar Milling

March NY world sugar #11 (SBH27 ) closed up +0.14 (+0.73%) on Wednesday, and December London ICE white sugar #5 (SWZ26 ) closed up +6.50 (+1.25%). Sugar prices saw support after S&P Global Energy reported Wednesday that millers in…

Stocks Little Changed After Divided Fed Holds Rates Steady

The S&P 500 Index ($SPX ) (SPY ) is up +0.16%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is up +0.21%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.17%. December E-mini S&P futures (ESZ26 ) are up +0.06%, and December E-mini…

Dollar Posts 2-week High on Expectations for Hawkish FOMC Commentary

The dollar index (DXY00 ) is up +0.09% and posted a new 2-week high. The dollar is seeing support from today’s +2.5 bp rise in the 10-year T-note yield, which supported the dollar’s interest rate differentials. The dollar also has…

Hope Bancorp, Inc. Q3 2026 Earnings Call Summary

Moby summary of Hope Bancorp, Inc.'s Q3 2026 earnings call

Apple Wraps Up Fall Product Launches With Touch-Screen Notebook

Apple on Wednesday introduced its first touch-screen notebook computer, completing a busy fall of new product launches.

Stock Market Today, Oct. 28: Boston Scientific Slips 6% After Cutting Q4 Sales and Full-Year EPS Guidance on Cyberattack Impact

Today, Oct. 28, 2026, the medical device maker slashed profit expectations after an August cyberattack continued disrupting operations.

Stock Market Today, Oct. 28: Oracle Surges on Fiscal 2030 Revenue Guidance of $225 Billion

On Oct. 28, 2026, Investor Day projections included at least $30 billion in free cash flow by fiscal 2029, easing AI spending concerns.

Why is Fortinet stock plunging today?

Stocks making the biggest moves after hours: Alphabet, Microsoft, Chipotle, ServiceNow, Fortinet & more

Here are some of the companies making headlines in extended trading.

Coffee Prices Fall to 2-week Low on Brazilian Real Weakness and Arriving Brazilian Beans

December arabica coffee (KCZ26 ) closed down -7.00 (-2.38%) on Wednesday, and January ICE robusta coffee (RMF27 ) closed down -21 (-0.65%). NY arabica coffee fell to a 2-week low on Wednesday on fears that Brazilian exporters will…

Coffee Prices Continue to Fall on Concern About Brazilian Real Weakness

December arabica coffee (KCZ26 ) is down -8.25 (-2.81%), and November ICE robusta coffee (RMF27 ) is down -3 (-0.09%). Coffee prices continued to fall today on concerns that Brazilian exporters will increase sales after Monday’s -9%…

Stocks Mixed as FOMC Results Are Awaited

The S&P 500 Index ($SPX ) (SPY ) is up +0.11%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is up +0.19%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.29%. December E-mini S&P futures (ESZ26 ) are down -0.02%, and December…

Bessent says 'not necessarily' a mistake if the Fed hikes again

Treasury Secretary Scott Bessent joined CNBC for an interview on Oct. 28, 2026.

Alphabet shares tumble 8.5% as earnings miss overshadows cloud boom

Patriot Gold Corp. Amends Current Report Regarding Proposed one (1) share for ten (10) shares Reverse Stock Split

Patriot Gold Corp. filed an amendment to its Current Report to add a reference to the Canadian Securities Exchange (“CSE”) in connection with its previously approved reverse stock split. On October 7, 2025, the company's board of…

Citizens Community Bancorp, Inc. Board Maintains Size at eight Directors

On October 22, 2026, acting on the recommendation of the Governance and Nomination Committee of the Board of Directors of Citizens Community Bancorp, Inc., the Board of Directors decided not to create a vacancy, thereby maintaining its…

AerCap Holdings N.V. Reports Third Quarter 2026 Net Income of $949 million and Raises Full-Year Guidance

AerCap Holdings N.V. reported GAAP net income of $949 million, or $6.17 per share, for the third quarter ended September 30, 2026. Record adjusted net income for the third quarter of 2026 was $1,009 million, or $6.56 per share. Total…