A trader works connected the level astatine the New York Stock Exchange successful New York City, U.S., Sept. 17, 2025.
Brendan McDermid | Reuters
Stock futures roseate somewhat connected Wednesday arsenic investors continued to digest the latest complaint chopped determination from the Federal Reserve.
S&P 500 futures traded up 0.2%, arsenic did Nasdaq 100 futures. Additionally, futures tied to the Dow Jones Industrial Average climbed 50 points, oregon 0.1%.
In extended trading, shares of Cracker Barrel Old Country Store plummeted aft its fourth-quarter net missed Wall Street's expectations. The edifice concatenation said that it's focusing connected enhancing the "guest experience" successful the aftermath of its rebrand controversy.
The moves travel a volatile time of trading Wednesday aft the Fed, arsenic anticipated, slashed its benchmark complaint by a 4th percent point. The Dow Jones Industrial Average was the lone gainer, rising 260.42 points, oregon 0.57%, portion the S&P 500 and the Nasdaq Composite fell 0.1% and 0.33%, respectively.
During a property conference pursuing the decision, Fed Chair Jerome Powell put a damper connected capitalist hopes that the cardinal slope would beryllium connected a lengthy rate-cutting way this year, arsenic helium called the latest chopped "risk management." In fact, policymakers are predicting 2 much reductions this year, but conscionable one successful 2026, portion traders had priced successful 2 to 3 much cuts adjacent year.
"The Fed's 25 ground constituent chopped is simply a wide signal: the softening labour marketplace and stubborn ostentation person pushed policymakers to enactment — but gradually. This isn't a pivot, it's a measured step," Gina Bolvin, president astatine Bolvin Wealth Management Group, said successful a statement.
"For investors, this means humble complaint relief, not fireworks," she added. "The Fed is walking a good line, and upcoming ostentation and jobs information volition find what comes next."
Despite Wednesday's losses, the S&P 500 and the Nasdaq are inactive headed for play gains, being up 0.2% and 0.5% successful the period, respectively. That puts the wide marketplace scale connected gait for its sixth affirmative week successful 7 and the tech-heavy Nasdaq connected way for its 3rd affirmative week successful a row.
Meanwhile, Wednesday's determination higher for the 30-stock Dow puts its week-to-date beforehand astatine 0.4%, a determination that would signify its 2nd consecutive week of gains, if it holds.
Cracker Barrel shares driblet aft edifice concatenation posts weaker-than-expected earnings, brushed gross guidance
Shares of Cracker Barrel Old Country Store slid much than 9% successful extended trading Wednesday aft the company's fourth-quarter net missed expert estimates.
The edifice concatenation reported adjusted net of 74 cents per share, beneath the 80 cents per stock that analysts surveyed by LSEG were expecting for the quarter. However, the company's gross of $868 cardinal came successful amended than the statement estimation of $855 million.
Cracker Barrel's full-year guidance disappointed investors arsenic well, arsenic the institution expects gross for the play of betwixt $3.35 cardinal and $3.45 billion. Analysts had anticipated $3.52 billion, per LSEG. On apical of that, it sees same-store postulation declining betwixt 4% and 7%.
CBRL, 1-day
The determination little successful shares comes aft they came nether unit past period pursuing the Cracker Barrel's rebranding announcement, which brings its one-month autumn to much than 20%. While shares aboriginal saw a boost successful the aftermath of the chain's determination to scrap the caller logo and spell backmost to the original, they're inactive successful the reddish connected the year, having fallen much than 6%.
— Sean Conlon
Stock futures unfastened higher
U.S. banal futures opened successful affirmative territory connected Wednesday evening.
Shortly aft 6 p.m. ET, futures tied to the Dow Jones Industrial Average precocious 34 points, oregon 0.1%. S&P 500 futures inched up 0.1%, portion Nasdaq 100 futures gained 0.2%.
— Sean Conlon
English (US) ·