Dow Futures Dip Amid Fed Rate Cut Uncertainty

The Morning Bull - US Market Morning Update Thursday, Oct, 9 2025

US stock futures are drifting lower this morning as investors size up a fresh wave of policy signals from the Federal Reserve. With officials hinting at more rate cuts but voicing worries about persistent inflation and employment risks, market sentiment remains tentative. This is putting general pressure on equities while the spotlight turns to the Fed chair’s upcoming remarks for clues on where rates and the broader economy may go next.

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Top Movers

• Figma (FIGMA) soared 16.83% as investor excitement continues following its impressive July IPO.

  

• Advanced Micro Devices (AMD) jumped 11.37% after announcing a landmark AI infrastructure partnership with OpenAI.
• Dell Technologies (DELL) rallied 9.05% as analysts boosted price targets, citing strong AI momentum and reaffirmed guidance.

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Top Losers

• Fair Isaac (FICO) declined 9.82%.

  

• IonQ (IONQ) dropped 6.22% after Barron's warned of a potential bubble in quantum computing stocks.
• Warner Bros. Discovery (WBD) slid 3.82% on renewed M&A talks involving potential bids from Paramount and Netflix.

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On The Radar

All eyes turn to PepsiCo’s earnings and Federal Reserve commentary for pivotal signals on US consumer demand and monetary policy trajectory.

• PepsiCo (PEP) Q3 Earnings: Reporting early Thursday, PepsiCo provides an essential read on consumer staples pricing power and post-summer demand.
• Federal Reserve Chair Powell Remarks: Thursday’s speech could clarify the Fed’s pace and scope of possible rate cuts before year-end.
• US Treasury Yields: Movements following this week’s Fed minutes and macro news will influence market sentiment for tech and financials sector valuations.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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