Wall Street trade was muted and mixed Wednesday in the final hours before the Federal Reserve’s next announcement on interest rate cuts, the Associated Press reports.
Dow Jones Industrial Average futures were up less than 0.1% before the bell, while futures for the S&P 500 and Nasdaq fell less than 0.1%.
Economists are broadly expecting the Fed to announce a quarter-point cut to its key interest rate — the first this year — in response to recent data showing a softening job market.
Treasury yields continued their months-long decline, with the 2-year yield dipping to 3.51% and the 10-year yield matching a 2025 low of 4.01%.
Workday gained 8% after activist investor Elliott Investment Management announced it had more than $2 billion invested in the company, which offers cloud-based finance and human resource software.
Shares of RCI Hospitality Holdings tumbled 6.2% after the New York attorney general announced that five company executives had been charged with bribery and other crimes for trying to avoid paying millions of dollars in sales taxes.
Also Wednesday, the online ticket marketplace StubHub will trade publicly for the first time, with an initial public offering priced at $23.50 per share.
