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Meta Platforms, Inc. engages in the development of social media applications. It builds technology that helps people connect and share, find communities, and grow businesses. It operates through the Family of Apps (FoA) and Reality Labs (RL) segments. The FoA segment consists of Facebook, Instagram, Messenger, WhatsApp, and other services. The RL segment includes augmented, mixed and virtual reality related consumer hardware, software, and content. The company was founded by Mark Elliot Zuckerberg, Dustin Moskovitz, Chris R. Hughes, Andrew McCollum, and Eduardo P. Saverin on February 4, 2004, and is headquartered in Menlo Park, CA.

Meta Platforms Inc - Ordinary Shares - Class A

Meta Platforms Inc

META is trending due to an after-hours dip following earnings, despite strong revenue growth, as investors react to increased AI spending plans and a one-time tax charge. The community is debating whether this presents a buying opportunity, focusing on the company's long-term potential in AI and the non-recurring nature of the tax impact. Discussions also involve comparisons to other tech giants and the potential for a market rebound.

Palantir Technologies, Inc. engages in the business of building and deploying software platforms that serve as the central operating systems for its customers. It operates through the Commercial and Government segments. The Commercial segment focuses on customers working in non-government industries. The Government segment is involved in providing services to customers that are the United States government and non-United States government agencies. Its platforms are widely used in areas such as defense, intelligence, healthcare, energy, and financial services, supporting data integration, large-scale analytics, and operational decision-making. The company was founded by Alexander Ceadmon Karp, Peter Andreas Thiel, Stephen Cohen, Joseph Lonsdale, and Nathan Dale Gettings in 2003 and is headquartered in Denver, CO.

Palantir Technologies Inc - Ordinary Shares - Class A

Palantir Technologies Inc

Palantir is trending as it approaches the $200 mark, with the community actively discussing its potential to break through this level. Bullish sentiment is fueled by the company's AI capabilities and partnership with Nvidia, while bears cite valuation concerns and potential pullbacks. Many are anticipating the upcoming earnings report and speculating on a potential stock split.

Microsoft Corp. engages in the development and support of software, services, devices, and solutions. It operates through the following segments: Productivity and Business Processes, Intelligent Cloud, and More Personal Computing. The Productivity and Business Processes segment is composed of products and services relating to productivity, communication, and information services such as Office Commercial, Office Consumer, LinkedIn, and Dynamics business solutions. The Intelligent Cloud segment consists of public, private, and hybrid server products and cloud services for businesses and developers, as well as enterprise and partner services. The More Personal Computing segment refers to products and services including Windows operating system, Windows cloud services, Surface, HoloLens, personal computer accessories, Xbox hardware, Xbox Cloud Gaming, Microsoft News, and Microsoft Edge. The company was founded by Paul Gardner Allen and William Henry Gates, III in 1975 and is headquartered in Redmond, WA.

Microsoft Corporation

Microsoft Corp

Microsoft is trending due to investor reactions to earnings, particularly surrounding guidance and increased spending related to AI and Azure, sparking debates about valuation and future growth. The community is closely watching the stock's movement in relation to its investment in Open AI and the broader implications for the AI sector. Discussions also revolve around potential market manipulation and the stock's ability to rebound from the post-earnings dip.

Carvana Co. is a holding company and an eCommerce platform, which engages in the buying and selling of used cars. The company was founded by Ernest Garcia, III, Benjamin Huston and Ryan Keeton in 2012 and is headquartered in Tempe, AZ.

Carvana Co. - Ordinary Shares - Class A

Carvana Co.

Carvana is trending downwards amid concerns about the company's exposure to subprime auto loans and recent bankruptcies in the auto lending sector. The community is discussing the potential impact on Carvana's earnings and questioning the sustainability of its business model. Additionally, some investors are pointing to the company's high valuation and potential conflicts of interest as reasons for concern.

Chipotle Mexican Grill, Inc. engages in the business of developing and operating restaurants that serve a relevant menu of burritos, burrito bowls, quesadillas, tacos, and salads made using fresh, high-quality ingredients. The company was founded by Steve Ells in 1993 and is headquartered in Newport Beach, CA.

Chipotle Mexican Grill

Chipotle ($CMG) is trending due to concerns about declining same-store sales and revenue misses, sparking a selloff. The community is debating whether the company's value proposition aligns with current pricing and portion sizes, with some expressing dissatisfaction. Broader economic pressures and competition from other fast-casual chains like CAVA are also being discussed as contributing factors.

Alphabet, Inc. is a holding company, which engages in software, health care, transportation, and other technologies. It operates through the following segments: Google Services, Google Cloud, and Other Bets. The Google Services segment includes products and services, such as ads, Android, Chrome, devices, Google Maps, Google Play, Search, and YouTube. The Google Cloud segment refers to infrastructure and platform services, collaboration tools, and other services for enterprise customers. The Other Bets segment relates to the sale of healthcare-related services and internet services. The company was founded by Lawrence E. Page and Sergey Mikhaylovich Brin on October 2, 2015 and is headquartered in Mountain View, CA.

Alphabet Inc - Ordinary Shares - Class A

Alphabet Inc Class A

GOOGL is trending as investors anticipate earnings, with community members discussing price predictions and the potential impact of AI on the company's growth. Bullish sentiment is fueled by positive analyst ratings and the stock's recent climb to all-time highs, though some caution a potential pullback before earnings are released. The broader tech sector's strength, particularly in AI and cloud services, adds to the optimistic outlook.

SSgA Active Trust - SPDR S&P 500 ETF Trust

SPY is trending amid discussions about the potential impact of a Trump-Xi meeting and mixed reactions to tech earnings, particularly $META and $MSFT. Community members are debating the possibility of a year-end rally, the influence of AI, and the overall health of the market. Some are expressing concerns about overvaluation and the potential for a pullback.

Fiserv, Inc. engages in the provision of financial services technology. It operates through the Merchant and Financial segments. The Merchant segment offers commerce-enabling products and services including merchant acquiring and digital commerce and mobile payment services, and security and fraud protection, stored-value, and pay-by-bank solutions to companies of all sizes. The Financial segment provides products and services such as processing of customer loan and deposit accounts, digital payments, and card transactions to financial institutions and corporate and public sector clients. The company was founded by Leslie M. Muma and George D. Dalton on July 31, 1984 and is headquartered in Milwaukee, WI.

Fiserv, Inc.

Fiserv is trending due to a significant stock drop following lowered earnings forecasts and a leadership shakeup, sparking debate about a potential bounce. Community members are discussing whether this presents a buying opportunity or if deeper declines are ahead, while some highlight the company's strong institutional ownership and historically low valuation metrics. The focus remains on the impact of the recent news and potential recovery scenarios.

ARB IOT Group Ltd. is a holding company that engages in the provision of solutions for the integration of IoT systems and devices. It operates through the Internet of Things and Investment Holding and Others segments. The company was founded on March 1, 2022 and is headquartered in Singapore.

ARB IOT Group Ltd

ARBB is surging after hours, sparking community interest due to its low float and potential for a significant short squeeze. Traders are closely watching for a breakout, with some anticipating a run similar to other low-float stocks. The community is actively discussing entry and exit points, with many hoping for continued momentum.

Alphabet Inc - Ordinary Shares - Class C

GOOG is trending following strong Q3 earnings, with retail traders optimistic about the company's growth potential, particularly in AI and cloud computing. The community is buzzing about the recent Anthropic deal and potential revenue from AI integrations, while also noting increased capital expenditure forecasts. Some are also watching for updates on the company's partnership with NextEra to restart a nuclear plant.

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Legendary billionaire drops startling take on stock market

The stock market continues on a wave of optimism that just doesn't seem to quit. The S&P 500 continues to notch new highs, as investors price in fresh Fed cuts, while cash once parked on the...

<ul class="summary-bullets"><li>The ongoing federal government shutdown could cost the U.S. economy between $7 billion and $14 billion, CBO says.</li><li>CBO expects the economy to struggle due to delayed spending on employee compensation, goods and services, and the suspension of benefits for low-income Americans.</li><li>Nearly 750,000 federal employees have been furloughed since government funding expired on October 1.</li></ul>&nbsp;The ongoing federal government shutdown could cost the U.S. economy between $7 billion and $14 billion, according to the nonpartisan Congressional Budget Office. The shutdown, which has entered its 29th day, could trim up to 2% from fourth-quarter GDP in 2025, it said.While most of the lost output may eventually be recovered, the CBO projects a permanent hit of up to $14 billion if the shutdown stretches through November.CBO expects the economy to struggle due to delayed government spending on employee compensation, goods and services, and the suspension of benefits such as food stamps for low-income Americans.In a letter to House Budget Committee Chair Jodey Arrington, CBO Director Phillip Swagel noted that the actual economic toll remains uncertain and will depend on administrative decisions during the funding lapse.The CBO outlined three possible outcomes — if the shutdown ends this week, the economy would lose about $7 billion&nbsp;but if it extends until November 12, it could raise the losses to $11 billion, and a prolonged closure through November could bring total losses to $14 billion.<h2 class="st-heading-2">Impact on Federal Jobs</h2>The shutdown has come at a cost to nearly 750,000 federal employees&nbsp;who&nbsp;have been furloughed since government funding expired on October 1. While the Trump administration has ensured continued pay for U.S. troops, law enforcement, and immigration officers, many other federal workers remain on the job without pay.The shutdown has further exposed political rifts in Washington. Senate Republicans are pushing Democrats to back a short-term funding measure to keep the government open through November 21.Democrats, however, insist on broader negotiations to extend Affordable Care Act tax credits and renew key nutrition programs like SNAP and WIC, arguing that the standoff is needed to secure longer-term funding and protect vital benefits.<h2 class="st-heading-2">How Are The Markets Doing?</h2>U.S. equities edged higher in afternoon trade on Wednesday.The SPDR S&amp;P 500 ETF (SPY) was up 0.11%, the SPDR Dow Jones Industrial Average ETF (DIA) gained 0.2%, and the Nasdaq-100 tracking Invesco QQQ Trust (QQQ) moved 0.28% higher.Retail sentiment around QQQ on Stocktwits remained ‘bearish’. It was ‘extremely bearish’ last week.<figure class="image"><img style="aspect-ratio:925/88;" src="https://news.stocktwits-cdn.com/QQQ_png_47e244d45e.webp" alt="QQQ.png" width="925" height="88"><figcaption>QQQ's Sentiment Meter and Message Volumes at 02:10 p.m. ET on October 29, 2025 | Source: Stocktwits</figcaption></figure>For updates and corrections, email newsroom[at]stocktwits[dot]com.

American flag and cash dollar bills - Economics chart (USA, money, economy, inflation, elections, tariffs, government (Photo Courtesy of Javier Ghersi via Getty Images)

Government Shutdown Could Cost US Economy Up To $14 Billion, According To Congressional Budget Office

Democrats seek broader talks to extend ACA tax credits and renew nutrition programs

Equity

<ul class="summary-bullets"><li>The rate reduction comes at a time when inflation hasn’t shown any signs of a significant rise.</li><li>President Donald Trump’s pick, Governor Stephen Miran, voted for a 50 bps cut once again.</li><li>Kansas City Fed President Jeff Schmid voted to keep the policy rate unchanged.</li></ul>The Federal Reserve on Wednesday cut the key borrowing rate by 25 basis points, bringing down the federal funds rate to the 3.75% to 4% range, in line with market expectations.This is the second rate cut announced by the Fed in 2025, after a similar 25 bps&nbsp;<a href="https://stocktwits.com/news-articles/default/equity/fed-cuts-rates-by-25-basis-points-september-fomc-meeting/chDGxvqRd6u">cut in September</a>.The rate reduction comes at a time when inflation hasn’t shown any signs of a significant rise. According to data from the Bureau of Labor Statistics (BLS), the annual inflation rate stood at&nbsp;<a href="https://stocktwits.com/news-articles/markets/equity/us-consumer-inflation-september-cpi-report/cLGJnYpR3sC">3% in September</a>, lower than the Wall Street consensus of 3.1%.<h2 class="st-heading-2">Moderating Economic Activity</h2>The Federal Open Market Committee (FOMC) highlighted that economic activity has been expanding at a moderate pace. It also touched upon the weakness in the labor market, stating that “job gains have slowed” while noting that the unemployment rate has “edged up.”“Uncertainty about the economic outlook remains elevated. The Committee is attentive to the risks to both sides of its dual mandate and judges that downside risks to employment rose in recent months,” the FOMC said.<h2 class="st-heading-2">Miran Votes For A Bigger Cut</h2>The FOMC voted 10-to-2 to cut rates by 25 bps, with President Donald Trump’s pick, Governor Stephen Miran, voting for a 50 bps cut once again, after a similar vote in the September meeting. Kansas City Fed President Jeff Schmid voted to keep the policy rate unchanged.Meanwhile, U.S. equities rose in Wednesday’s afternoon trade. At the time of writing, the&nbsp;<a href="https://stocktwits.com/symbol/SPY">SPDR S&amp;P 500 ETF</a> (SPY), which tracks the S&amp;P 500 index, was up 0.08%, the&nbsp;<a href="https://stocktwits.com/symbol/QQQ">Invesco QQQ Trust ETF</a> (QQQ) gained 0.27%, while the&nbsp;<a href="https://stocktwits.com/symbol/DIA">SPDR Dow Jones Industrial Average ETF Trust</a> (DIA) rose 0.21%. Retail sentiment around the S&amp;P 500 ETF on Stocktwits was in the ‘neutral’ territory.The&nbsp;<a href="https://stocktwits.com/symbol/IEF">iShares 7-10 Year Treasury Bond ETF</a> (IEF) was down 0.25% at the time of writing.Also See:&nbsp;<a href="https://stocktwits.com/news-articles/markets/equity/el-erian-ai-like-electricity-but-some-ai-names-will-end-up-in-tears/cLGZsaKR3wt">El-Erian Says AI Is Like Electricity, Warns There Are Some Names That Will ‘End Up In Tears’: Report</a>For updates and corrections, email newsroom[at]stocktwits[dot]com.

In this photo illustration, The Federal Reserve System logo displayed on a smartphone. 

Fed Cuts Rate By 25 Basis Points, In Line With Expectations

The key borrowing rate has now come down to the 3.75% to 4% range, in line with market expectations.

<ul class="summary-bullets"><li>Nvidia shares were up nearly 3% in Wednesday’s afternoon session, making it the first company in the world to cross the $5 trillion valuation mark.</li><li>Fiserv shares were down more than 42% in Wednesday’s afternoon trade, on track for their largest single-day loss on record.</li><li>Caterpillar shares were up more than 12% in Wednesday’s afternoon trade after the company’s third-quarter results beat Wall Street expectations.</li></ul>U.S. equities surged in Wednesday’s midday trade ahead of the Federal Reserve’s rate decision later in the day.President Donald Trump also&nbsp;<a href="https://stocktwits.com/news-articles/markets/equity/trump-us-south-korea-deal/cLGZN8dR3w4">announced</a> on Wednesday that a trade deal with South Korea is “pretty much” confirmed. The East Asian country will invest $150 billion in the U.S. shipbuilding industry, and it has also earmarked an additional $200 billion in investment pledges.&nbsp;The&nbsp;<a href="https://stocktwits.com/symbol/SPY">SPDR S&amp;P 500 ETF</a> (SPY), which mirrors the S&amp;P 500 index, was up 0.1% at the time of writing, while the&nbsp;<a href="https://stocktwits.com/symbol/QQQ">Invesco QQQ Trust</a> (QQQ), which mirrors the Nasdaq 100 index, rose 0.27%. The&nbsp;<a href="https://stocktwits.com/symbol/DIA">SPDR Dow Jones Industrial Average ETF Trust</a> (DIA), which tracks the Dow Jones Industrial Average, gained 0.75%.<h2 class="st-heading-2">Here are the top stocks making the biggest moves in Wednesday’s afternoon trade:</h2><a href="https://stocktwits.com/symbol/NVDA">Nvidia Corp. (NVDA)</a>Nvidia shares were up nearly 3% in Wednesday’s afternoon session, a day after the company announced $500 billion in AI chip orders as well as plans to build supercomputers for the U.S. government. Nvidia also&nbsp;<a href="https://stocktwits.com/news-articles/markets/equity/nvidia-nears-historic-5-trillion-valuation-wall-street-turns-ultra-bullish/cLGZF1YR3wL">became</a> the first company in the world to cross the $5 trillion valuation mark.<a href="https://stocktwits.com/symbol/NVDA">NVDA stock</a> is up 54% year-to-date.<a href="https://stocktwits.com/symbol/FI">Fiserv Inc. (FI)</a>Fiserv shares were down more than 42% in Wednesday’s afternoon trade,&nbsp;on track for its largest ever single-day loss,&nbsp;after the company&nbsp;<a href="https://stocktwits.com/news-articles/markets/equity/fiserv-stock-plunges-32-as-new-cfo-paul-todd-steps-in-amid-leadership-overhaul-profit-warning/cLGZVuPR3wW">announced</a> several leadership transitions and trimmed its annual organic revenue growth forecast to 3.5%-4%, down from its prior forecast of 10%.<a href="https://stocktwits.com/symbol/FI">FI stock</a> is down 64% year-to-date.<a href="https://stocktwits.com/symbol/CAT">Caterpillar Inc. (CAT)</a>Caterpillar shares were up more than 12% in Wednesday’s afternoon trade after the company’s third-quarter (Q3)&nbsp;<a href="https://stocktwits.com/news-articles/markets/equity/caterpillar-sees-strong-growth-in-energy-segment-fueled-by-ai-infrastructure-demand/cLGZsDmR3wD">results</a> beat Wall Street expectations. Caterpillar reported earnings per share (EPS) of $4.95 on revenue of $17.6 billion, while analysts expected an EPS of $4.53 on revenue of $16.8 billion, according to Stocktwits data.<a href="https://stocktwits.com/symbol/CAT">CAT stock</a> is up 62% year-to-date.<a href="https://stocktwits.com/symbol/BE">Bloom Energy Corp. (BE)</a>Bloom Energy shares continued to climb on Wednesday, surging 18% in Wednesday’s afternoon session after the company’s Q3 results beat expectations. Bloom Energy reported EPS of $0.15 on revenue of $519 million, while analysts expected an EPS of $0.1 on revenue of $428 million, according to Stocktwits data.<a href="https://stocktwits.com/symbol/BE">BE stock</a> is up 504% year-to-date.<a href="https://stocktwits.com/symbol/STX">Seagate Technology Holdings Plc. (STX)</a>Seagate’s shares were up by more than 18% in Wednesday’s afternoon trade after the company’s first-quarter (Q1) results beat Wall Street expectations. Seagate reported an EPS of $2.61 on revenue of $2.63 billion, compared to analyst estimates of an EPS of $2.4 on revenue of $2.55 billion, according to Stocktwits data.<a href="https://stocktwits.com/symbol/STX">STX stock</a> is up 205% year-to-date.Also See:&nbsp;<a href="https://stocktwits.com/news-articles/markets/equity/el-erian-ai-like-electricity-but-some-ai-names-will-end-up-in-tears/cLGZsaKR3wt">El-Erian Says AI Is Like Electricity, Warns There Are Some Names That Will ‘End Up In Tears’: Report</a>For updates and corrections, email newsroom[at]stocktwits[dot]com.

A bull statue and a bear statue stand outside the Frankfurt Stock Exchange on April 7, 2025 in Frankfurt, Germany

Nvidia, Fiserv, Caterpillar, Bloom Energy, Seagate: Stocks Making The Biggest Moves Today

Nvidia shares were up nearly 3% in Wednesday’s afternoon session, making it the first company in the world to cross the $5 trillion valuation mark.

<ul class="summary-bullets"><li>During an interview with CNBC, El-Erian explained that there are some AI stocks that have “reasonable” valuations, but added that there is some froth in the sector.</li><li>El-Erian added that he thinks we are in a “rational bubble” at the moment, since companies have the incentive to over-invest in AI because the payoff is huge.</li><li>The economist’s comments come at a time when AI bellwether Nvidia became the first company in the world to cross the $5 trillion valuation milestone.</li></ul>Mohamed El-Erian, Chief Economic Advisor at Allianz, on Wednesday reportedly compared artificial intelligence technology (AI) to electricity, while explaining the booming valuations in the sector.During an interview with CNBC, El-Erian explained that there are some AI stocks that have “reasonable” valuations, but added that there is some froth in the sector.<blockquote>“Whether you have electricity or not, [it] is a huge difference. So for me, it makes total sense. What I worry about, is within AI, there are some names that [have] reasonable valuations, but that has pulled other names that I think will end up in tears.”— Mohamed El-Erian, Chief Economic Advisor, Allianz</blockquote><h2 class="st-heading-2">Rational Bubble</h2>El-Erian added that he thinks we are in a “rational bubble” at the moment, since companies have the incentive to over-invest in AI because the payoff is huge. “But you’re going to have a relatively limited number of winners,” he said.“I think AI is a major transformational general purpose knowledge. It’s like electricity, it’s going to change so much of what we do. And it will matter greatly,” El-Erian said.He added that there will be some losers in the AI space, but said this is still a better system than the one in China, where the government says what should be done. He thinks this system will also have better outcomes because of the competition.<h2 class="st-heading-2">Soaring Valuations</h2>El-Erian’s comments come at a time when AI bellwether Nvidia Corp. (NVDA) became the first company in the world to&nbsp;<a href="https://stocktwits.com/news-articles/markets/equity/nvidia-nears-historic-5-trillion-valuation-wall-street-turns-ultra-bullish/cLGZF1YR3wL">cross</a> the $5 trillion valuation milestone. On Tuesday, Microsoft Corp. (MSFT) and Apple Inc. (AAPL)&nbsp;<a href="https://stocktwits.com/news-articles/markets/equity/apple-microsoft-4-trillion-market-capitalization/cLGj1rNR3Hr">scaled</a> the $4 trillion valuation mark.In the unlisted space, OpenAI’s valuation is currently at $500 billion, after a new deal between Microsoft and the ChatGPT maker that was announced on Tuesday.Meanwhile, U.S. equities rose in Wednesday’s midday trade. At the time of writing, the&nbsp;<a href="https://stocktwits.com/symbol/SPY">SPDR S&amp;P 500 ETF</a> (SPY), which tracks the S&amp;P 500 index, was up 0.2%, the&nbsp;<a href="https://stocktwits.com/symbol/QQQ">Invesco QQQ Trust ETF</a> (QQQ) gained 0.45%, while the&nbsp;<a href="https://stocktwits.com/symbol/DIA">SPDR Dow Jones Industrial Average ETF Trust</a> (DIA) rose 0.47%. Retail sentiment around the S&amp;P 500 ETF on Stocktwits was in the ‘neutral’ territory.Also See:&nbsp;<a href="https://stocktwits.com/news-articles/markets/equity/trump-us-south-korea-deal/cLGZN8dR3w4">Trump Says South Korea Deal ‘Pretty Much’ Confirmed</a>For updates and corrections, email newsroom[at]stocktwits[dot]com.

Mohamed Aly El-Erian attends the 49th Edition Of 'Cernobbio Forum' Hosted By The European House-Ambrosetti on September 01, 2023 in Cernobbio, Italy. (Photo by Pier Marco Tacca/Getty Images)

El-Erian Says AI Is Like Electricity, Warns There Are Some Names That Will ‘End Up In Tears’: Report

During an interview with CNBC, El-Erian explained that there are some AI stocks that have “reasonable” valuations, but added that there is some froth in the sector.

<ul class="summary-bullets"><li>According to data from the National Association of Realtors, an index of contract signings was flat in September at 74.8, after rising by 4.2% in August.</li><li>This comes at a time when mortgage rates have fallen to their lowest level in more than a year.</li><li>According to data from the Mortgage Bankers Association, the 30-year fixed-rate mortgage (FRM) was down to 6.3%, its lowest level since September 2024.</li></ul>U.S. pending home sales remained unchanged in September amid signs of labor market weakness preventing potential buyers from going through with home purchases.According to data from the National Association of Realtors, an index of contract signings was flat in September at 74.8, after rising by 4.2% in August. A Wall Street consensus estimate&nbsp;<a class="st-link-external" target="_blank" rel="noopener noreferrer nofollow" href="https://www.marketwatch.com/economy-politics/calendar">cited</a> by MarketWatch showed pending home sales were expected to rise 1%.<blockquote>“A record-high stock market and growing housing wealth in September were not enough to offset a likely softening job market.”— Lawrence Yun, Chief Economist, NAR</blockquote><h2 class="st-heading-2">Mortgage Rates Continue To Fall</h2>This comes at a time when mortgage rates have fallen to their lowest level in more than a year. According to data from the Mortgage Bankers Association, the 30-year fixed-rate mortgage (FRM) was down to 6.3%, its lowest level since September 2024.“Mortgage rates decreased for the fourth consecutive week, with the 30-year fixed rate down to 6.30 percent, its lowest level since September 2024,” said Joel Kan, MBA’s Vice President and Deputy Chief Economist. “This recent decline in rates spurred the second consecutive week of increased refinance activity, driven mainly by conventional refinance applications.”<h2 class="st-heading-2">Inventory At 5-Year High</h2>Yun stated that inventory levels have risen to a five-year high. For home buyers, this presents more room for negotiating prices.“Looking ahead, mortgage rates are trending toward three-year lows, which should further improve affordability, though the government shutdown could temporarily slow home sales activity,” he added.Meanwhile, U.S. equities rose in Wednesday’s opening trade. At the time of writing, the&nbsp;<a href="https://stocktwits.com/symbol/SPY">SPDR S&amp;P 500 ETF</a> (SPY), which tracks the S&amp;P 500 index, was up 0.19%, the&nbsp;<a href="https://stocktwits.com/symbol/QQQ">Invesco QQQ Trust ETF</a> (QQQ) gained 0.39%, while the&nbsp;<a href="https://stocktwits.com/symbol/DIA">SPDR Dow Jones Industrial Average ETF Trust</a> (DIA) rose 0.44%. Retail sentiment around the S&amp;P 500 ETF on Stocktwits was in the ‘neutral’ territory.The&nbsp;<a href="https://stocktwits.com/symbol/IEF">iShares 7-10 Year Treasury Bond ETF</a> (IEF) was down 0.11% at the time of writing.Also See:&nbsp;<a href="https://stocktwits.com/news-articles/markets/equity/fed-rate-decision-el-erian-additional-cuts-validate-unlikely/cLGZovpR3wk">Ahead Of Fed Rate Decision, El-Erian Warns Central Bank May Not 'Validate' More Cuts</a>For updates and corrections, email newsroom[at]stocktwits[dot]com.

A house is seen with a "For Sale" sign on it on July 25, 2005 in Pasadena, California. (Photo by David McNew/Getty Images)

Pending Home Sales Stall In September Amid Labor Market Concerns, Even As Mortgage Rates Drop To Lowest Level In Over A Year

According to data from the National Association of Realtors, an index of contract signings was flat in September at 74.8, after rising by 4.2% in August.

<ul><li>El-Erian added that he expects the central bank to also acknowledge that the impact of President Donald Trump’s tariffs on inflation has been lower than expected.</li><li>Analysts at Schwab echoed similar concerns, stating that an interest rate cut in December is “far from certain,” while maintaining a cautious stance on inflation.</li><li>However, Jefferies’ Chief Market Strategist, David Zervos, cautioned that the Fed will have to consider the possibility of far fewer jobs being created.</li></ul>Mohamed El-Erian, Chief Economic Advisor at Allianz, said on Wednesday that after the highly anticipated Fed rate decision later during the day, the central bank is unlikely to “validate” additional rate cuts.“The world’s most powerful central bank is unlikely, however, to explicitly validate the additional cuts that markets have priced in or fully embrace the significant productivity upside from AI and other innovations,” El-Erian said in a&nbsp;<a class="st-link-external" target="_blank" rel="noopener noreferrer nofollow" href="https://x.com/elerianm/status/1983509825758560507">post</a> on X.El-Erian added that he expects the central bank to also acknowledge that the impact of President Donald Trump’s tariffs on inflation has been lower than expected. This comes after the Consumer Price Index (CPI) report for September showed the&nbsp;<a href="https://stocktwits.com/news-articles/markets/equity/us-consumer-inflation-september-cpi-report/cLGJnYpR3sC">inflation was at 3%</a>, lower than Wall Street’s consensus of 3.1%.<figure class="image"><img style="aspect-ratio:742/382;" src="https://news.stocktwits-cdn.com/Mohamed_El_Erian_post_jpg_39338ad18f.webp" alt="Mohamed El-Erian's post on X" width="742" height="382"><figcaption>Mohamed El-Erian's post on X | @elerianm/X</figcaption></figure><h2 class="st-heading-2">Rate Cut Expectations</h2>El-Erian’s comments come hours before the Federal Open Market Committee (FOMC) is scheduled to announce its interest rate decision. According to data from the CME FedWatch&nbsp;<a class="st-link-external" target="_blank" rel="noopener noreferrer nofollow" href="https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html">tool</a>, there is a 97.8% probability of a 25 basis point rate cut.On Tuesday, analysts at Schwab echoed&nbsp;<a href="https://stocktwits.com/news-articles/markets/equity/fed-rate-cut-december-far-from-certain-inflation-elevated/cLGj85IR3v7">similar concerns</a>, stating that an interest rate cut in December is “far from certain,” while maintaining a cautious stance on inflation.“For Fed policy makers, the ultimate nightmare would likely be having to re-adjust rates back up to fight inflation triggered in part by cutting too dramatically. This happened in the 1980s and has become a third rail for the central bank. Institutional memories are long,” the firm said in a recent note.<h2 class="st-heading-2">Fed’s Increasing Problems</h2>There are growing concerns about the weakness in the labor market. Jefferies’ Chief Market Strategist, David Zervos,&nbsp;<a href="https://stocktwits.com/news-articles/markets/equity/david-zervos-fed-flying-blind-ai-productivity-lot-less-jobs-created/cLGjSS6R3Hw">cautioned</a> that the Fed will have to consider the possibility of far fewer jobs being created despite the U.S. economy growing at a healthy rate.He stated that nearly 1.5 million jobs had been revised downwards over the last 18 months. However, Zervos noted that there are many excellent policies outside monetary policy that are providing tailwinds to the U.S. economy. On the inflation front, Zervos contrasted concerns of a price rise, stating that there is no problem of anchoring inflation expectations.Meanwhile, U.S. equities rose in Wednesday’s opening trade. At the time of writing, the&nbsp;<a href="https://stocktwits.com/symbol/SPY">SPDR S&amp;P 500 ETF</a> (SPY), which tracks the S&amp;P 500 index, was up 0.2%, the&nbsp;<a href="https://stocktwits.com/symbol/QQQ">Invesco QQQ Trust ETF</a> (QQQ) gained 0.45%, while the&nbsp;<a href="https://stocktwits.com/symbol/DIA">SPDR Dow Jones Industrial Average ETF Trust</a> (DIA) rose 0.47%. Retail sentiment around the S&amp;P 500 ETF on Stocktwits was in the ‘neutral’ territory.The&nbsp;<a href="https://stocktwits.com/symbol/IEF">iShares 7-10 Year Treasury Bond ETF</a> (IEF) was down 0.12% at the time of writing.Also See:&nbsp;<a href="https://stocktwits.com/news-articles/markets/equity/trump-us-south-korea-deal/cLGZN8dR3w4">Trump Says South Korea Deal ‘Pretty Much’ Confirmed</a>For updates and corrections, email newsroom[at]stocktwits[dot]com.

Mohamed El-Erian, Chief Economic Adviser of Allianz, during an interaction

Ahead Of Fed Rate Decision, El-Erian Warns Central Bank May Not 'Validate' More Cuts

El-Erian added that he expects the central bank to also acknowledge that the impact of President Donald Trump’s tariffs on inflation has been lower than expected.

<ul class="summary-bullets"><li>The White House officially confirmed that the U.S. and South Korea have a Memorandum of Understanding with respect to the “U.S.-ROK Technology Prosperity Deal.”</li><li>The East Asian country will invest $150 billion in the U.S. shipbuilding industry and has also earmarked an additional $200 billion in investment pledges.</li><li>U.S. tariffs on South Korean cars would drop to 15% from the 25% previously announced by the Trump administration.</li></ul>President Donald Trump on Wednesday stated that a trade deal with South Korea has been “pretty much” confirmed, following a meeting with his South Korean counterpart, President Lee Jae Myung.“We had a tremendous meeting today with South Korea — with lots determined... We pretty much finalized a trade deal and we discussed some other things having to do with national security,” President Trump said, according to an official White House&nbsp;<a class="st-link-external" target="_blank" rel="noopener noreferrer nofollow" href="https://x.com/RapidResponse47/status/1983492447146533227">account</a> on X.<figure class="image"><img style="aspect-ratio:732/537;" src="https://news.stocktwits-cdn.com/Rapid_Response_47_post_jpg_b6218c4b5d.webp" alt="Rapid Response 47's post on X" width="732" height="537"><figcaption>Rapid Response 47's post on X | @RapidResponse47/X</figcaption></figure>The White House officially confirmed that the U.S. and South Korea have a Memorandum of Understanding with respect to the “U.S.-ROK Technology Prosperity Deal.” However, the specifics of the deal have not been revealed yet.According to a Bloomberg&nbsp;<a class="st-link-external" target="_blank" rel="noopener noreferrer nofollow" href="https://www.bloomberg.com/news/articles/2025-10-29/trump-says-reached-a-deal-on-trade-with-south-korea">report</a> citing South Korea’s Policy Chief Kim Yong-beom, the East Asian country will invest $150 billion in the U.S. shipbuilding industry and has also earmarked an additional $200 billion in investment pledges.According to a Bloomberg&nbsp;<a class="st-link-external" target="_blank" rel="noopener noreferrer nofollow" href="https://www.bloomberg.com/news/articles/2025-10-29/trump-says-reached-a-deal-on-trade-with-south-korea">report</a> citing South Korea’s Policy Chief Kim Yong-beom, the East Asian country will invest $150 billion in the U.S. shipbuilding industry and has also earmarked an additional $200 billion in investment pledges.Kim added that, thanks to the deal, U.S. tariffs on Korean cars would drop to 15%, the report said, from the 25% previously announced by the Trump administration. This comes after the U.S. and Japan announced a trade deal that lowered tariffs on most Japanese goods to 15%. In exchange, Japan would invest up to $550 billion in the U.S.Further, any profits South Korea earns from its shipbuilding investment in the U.S. would be split equally between the two countries, the report said.Meanwhile, U.S. equities rose in Wednesday’s pre-market trade. At the time of writing, the&nbsp;<a href="https://stocktwits.com/symbol/SPY">SPDR S&amp;P 500 ETF</a> (SPY), which tracks the S&amp;P 500 index, was up 0.23%, the&nbsp;<a href="https://stocktwits.com/symbol/QQQ">Invesco QQQ Trust ETF</a> (QQQ) gained 0.41%, while the&nbsp;<a href="https://stocktwits.com/symbol/DIA">SPDR Dow Jones Industrial Average ETF Trust</a> (DIA) rose 0.2%. Retail sentiment around the S&amp;P 500 ETF on Stocktwits was in the ‘neutral’ territory.Also See:&nbsp;<a href="https://stocktwits.com/news-articles/markets/equity/dow-futures-rise-as-investors-await-fed-decision/cLGZmDXR3w5">Dow Futures Rise As Wall Street Awaits Fed Decision: NVDA, MSFT, GOOGL, META Among Stocks To Watch</a>For updates and corrections, email newsroom[at]stocktwits[dot]com.

U.S. President Donald Trump, pictured in the Oval Office, on September 25, 2025. (Photo by Andrew Harnik/Getty Images)

Trump Says South Korea Deal ‘Pretty Much’ Confirmed

The White House officially confirmed that the U.S. and South Korea have a Memorandum of Understanding with respect to the “U.S.-ROK Technology Prosperity Deal.”

<ul class="summary-bullets"><li>While Dow Jones futures were up by 0.14% at the time of writing, the S&amp;P 500 futures gained 0.24%.</li><li>According to data from the CME FedWatch tool, there is a 99.9% probability of a 25 basis point rate cut during the October meeting.</li><li>Asian markets ended Wednesday’s trading session on a positive note, with the Nikkei 225 leading with gains of 2.16%.</li></ul>U.S. stocks appear set for a positive opening on Wednesday as investors await the Federal Open Market Committee’s (FOMC) interest rate decision later in the day.On Tuesday, Schwab analysts&nbsp;<a href="https://stocktwits.com/news-articles/markets/equity/fed-rate-cut-december-far-from-certain-inflation-elevated/cLGj85IR3v7">stated</a> that a Fed rate cut this week is “pre-ordained.” According to data from the CME FedWatch&nbsp;<a class="st-link-external" target="_blank" rel="noopener noreferrer nofollow" href="https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html">tool</a>, there is a 99.9% probability of a 25 basis point rate cut during the October meeting. "It looks like a rate cut by the Fed next week is all but a sure thing," said Kathy Jones, Schwab's chief fixed income strategist.However, the firm noted that a December rate cut is “far from certain.”<h2 class="st-heading-2">Futures Trade Higher</h2>While Dow Jones futures were up by 0.14% at the time of writing, the S&amp;P 500 futures gained 0.24%, while the tech-heavy Nasdaq 100’s futures rose 0.41%. Futures of the Russell 2000 index gained 0.1%.Meanwhile, the&nbsp;<a href="https://stocktwits.com/symbol/SPY">SPDR S&amp;P 500 ETF</a> (SPY) was up by 0.29% at the time of writing,&nbsp;<a href="https://stocktwits.com/symbol/QQQ">Invesco QQQ Trust</a> (QQQ) gained 0.48% on Wednesday morning, and&nbsp;<a href="https://stocktwits.com/symbol/DIA">SPDR Dow Jones Industrial Average ETF Trust</a> (DIA) rose 0.15%. Retail sentiment around the S&amp;P 500 ETF on Stocktwits was in the ‘neutral’ territory.<h2 class="st-heading-2">Asian Markets Rise</h2>Asian markets ended Wednesday’s trading session on a positive note, with the Nikkei 225 leading with gains of 2.16%, followed by the KOSPI at 1.73%, and the TWSE Capitalization Weighted Stock index at 1.22%.The Shanghai Composite index gained 0.7%, while the Hang Seng was closed for trading on account of the Double Ninth festival.<h2 class="st-heading-2">Stocks To Watch</h2><ul><li>Nvidia Corp. (NVDA): Nvidia shares surged 4% in Wednesday’s pre-market trade, with the company’s market capitalization on the verge of hitting the $5 trillion mark.</li><li>Verizon Communications Inc. (VZ): Verizon reported earnings per share (EPS) of $1.21 on revenue of $33.8 billion in the third quarter (Q3), compared to Wall Street expectations of an EPS of $1.19 on revenue of $34.27 billion, according to Stocktwits data. Verizon shares were up 3% pre-market.</li><li>Seagate Technology Holdings Plc. (STX): Seagate shares surged 7% pre-market after the company’s first-quarter (Q1) results beat Wall Street expectations. Seagate reported an EPS of $2.61 on revenue of $2.63 billion, compared to analyst estimates of an EPS of $2.4 on revenue of $2.55 billion, according to Stocktwits data.</li><li>Microsoft Corp. (MSFT), Alphabet Inc. (GOOG) (GOOGL), and Meta Platforms Inc. (META) are among the companies scheduled to report their latest quarterly earnings on Wednesday.</li></ul>&nbsp;Also See:&nbsp;<a href="https://stocktwits.com/news-articles/markets/equity/fed-rate-cut-december-far-from-certain-inflation-elevated/cLGj85IR3v7">Fed Rate Cut In October ‘Pre-Ordained’ But December 'Far From Certain' As Inflation Remains Elevated, Says Schwab</a>For updates and corrections, email newsroom[at]stocktwits[dot]com.

People walk by the New York Stock Exchange

Dow Futures Rise As Wall Street Awaits Fed Decision: NVDA, MSFT, GOOGL, META Among Stocks To Watch

While Dow Jones futures were up by 0.14% at the time of writing, the S&P 500 futures gained 0.24%.

<ul class="summary-bullets"><li>All of the major U.S. indexes, such as the S&amp;P 500 and Nasdaq Composite, closed at record highs on Tuesday, ahead of the Fed announcement and following a rally driven by a slew of artificial intelligence (AI)- related news.</li><li>The move would also signal a willingness to pursue further easing, as expected by Wall Street in December.</li><li>According to Reflexivity, an AI market research firm used by hedge funds and trading desks, the market will closely watch Fed Chair Jerome Powell's press conference for clues about whether this cut represents "fine-tuning" or the start of a new easing cycle.</li></ul>The U.S. Federal Reserve is expected to deliver a quarter-point rate cut following its two-day meeting on Wednesday, with analysts and investors expecting global markets to be well positioned to react positively to the move.All of the major U.S. indexes, such as the S&amp;P 500 and Nasdaq Composite, closed at record highs on Tuesday, ahead of the announcement and following a rally driven by a slew of artificial intelligence (AI)- related news from big companies, including Nvidia and Microsoft.The move would also signal a willingness to pursue further easing, as expected by Wall Street in December. It would mean that equities may continue to rise as reduced borrowing costs bolster corporate earnings and stimulate economic expansion.“The market is expecting a 25-basis-point cut, which is generally the appropriate expectation.&nbsp; Another 25-basis-point cut in December is quite likely, given the softening labor market,” said Lon Erickson, portfolio manager at Thornburg Investment Management.Portfolio Manager of the Rational Equity Armor Fund Joe Tigay noted that markets are pricing in a 94.5% chance of a quarter-point cut. “The market already priced in lower rates. The Fed finds itself trapped — if they don’t cut rates, they could trigger major market problems, regardless of inflation concerns,” Tigay said.<h2 class="st-heading-2">Challenges From The Government Shutdown</h2>Concerns have, however, been raised that the federal government shutdown, which has entered its 29th day, could result in challenges for the Federal Reserve to form its monetary policy decisions given the lack of enough data.The jobs report was last published in September, for August, while the White House said last week that a government shutdown <a href="https://stocktwits.com/news-articles/markets/equity/government-shutdown-could-prevent-october-cpi-release/cLGJooeR3t4">may prevent the release</a> of the October Consumer Price Index (CPI) data.&nbsp;“Without the usual government data releases (like Septembers jobs report) to provide a clear labor market signal, investors are turning to private sector indicators,” Tigay said.He added that the recent surge in bank earnings, which have shown strength and resilience, is being interpreted as a significant positive sign for underlying economic health and stability, even as central banks continue on a path of coordinated global easing.<h2 class="st-heading-2">Some Hint At Volatility Post Fed Announcement</h2>With insufficient data and a highly visible AI-based rally, there is a concern of a sell-off or higher volatility during trading hours on Wednesday. According to Reflexivity, an AI market research firm used by hedge funds and trading desks, the market will closely watch Fed Chair Jerome Powell's press conference for clues about whether this cut represents "fine-tuning" or the start of a new easing cycle.“The durability of current market optimism depends on both concrete progress in geopolitical situations and clear Fed communication about future policy direction,” Reflexivity said.Chief Global Strategist at Freedom Capital Markets Jay Woods, said that one could see excessive volatility after the press conference, and this is more likely to be a ‘sell the news’ event. “Any sell-off should set us up for a rally later in the year and pick up steam as we head into the final earnings season of 2025,” he added.“Watch the direction of the market as Powell answers questions and the trend as we close out the day on Wednesday. That should be the tell of the market’s direction going forward the rest of the month,” Woods noted.<h2 class="st-heading-2">Rate Cuts Amid Trade War</h2>The expected rate cut comes at a time of geopolitical talks between the U.S. and other countries, with the former imposing heavy tariffs on global trading partners since the beginning of this year, which has led to a surge in costs for companies and living costs in the U.S.“The market continues to look through international volatility as it understands that the fundamental trade of the AI story means more to the market than geopolitics,” David Wagner, Head of Equities and Portfolio Manager at Aptus Capital Advisors, said.U.S. President Donald Trump is currently touring Asia this week and meeting leaders from Malaysia, Japan, and South Korea to discuss trade deals and lower tariffs on U.S. exports. Trump would be meeting China’s President Xi during the Asia-Pacific Economic Cooperation summit on Thursday.&nbsp;Annex Wealth Management’s Chief Economist Brian Jacobsen said that the Fed will likely steer clear of geopolitical issues. “They will likely flag whether all the troubles in the world pose a bigger threat to growth or inflation. They did get the sequence of effects from tariffs wrong since they feared the inflation effects more than the growth effects. They should approach those issues much more humbly,” he said.Meanwhile, U.S. equities rose in Wednesday's premarket trade. At the time of writing, the&nbsp;<a href="https://stocktwits.com/symbol/SPY">SPDR S&amp;P 500 ETF</a> (SPY), which tracks the S&amp;P 500 index, was up 0.24%, the&nbsp;<a href="https://stocktwits.com/symbol/QQQ">Invesco QQQ Trust ETF</a> (QQQ) rose 0.43%, while the&nbsp;<a href="https://stocktwits.com/symbol/DIA">SPDR Dow Jones Industrial Average ETF Trust</a> (DIA) gained 0.13%. Retail sentiment around the S&amp;P 500 ETF on Stocktwits was in the ‘bullish’ territory.For updates and corrections, email newsroom[at]stocktwits[dot]com.Also See: <a href="https://stocktwits.com/news-articles/markets/equity/thermo-fisher-to-acquire-clario-holdings-in-9.4-billion-deal/cLGZkmhR3wT">Thermo Fisher To Acquire Clario Holdings In A $9.4B Deal</a>

Investors Brace For Powell’s Signal – Here’s What A 25-Bps Rate Cut Could Mean For Global Markets

All of the major U.S. indexes, such as the S&P 500 and Nasdaq Composite, closed at record highs on Tuesday, ahead of the Fed announcement and following a rally driven by a slew of artificial intelligence (AI)- related news.

The S&P 500® Index is designed to measure the performance of the large-cap segment of the US equity market. It is float-adjusted market capitalization weighted. The S&P 500 Index is a diversified large cap U.S. index that holds companies across all eleven GICS sectors. Launched in January 1993, SPY was the very first exchange traded fund listed in the United States. 

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