📊 Chips rallied for a second day and oil slid as the Fed began its two-day meeting. The Nasdaq gained 1.18% to 26,477.81, the S&P 500 rose 0.6%, the Dow added 0.03% and Canada’s S&P/TSX Composite climbed 0.63%. 📡 Broadcom ($AVGO) climbed 4% after Bank of America, Citi, Morgan Stanley and Blackstone announced $63 billion in financing for Anthropic’s purchase of Broadcom technology. Micron ($MU) rose almost 3% and AMD ($AMD) gained 5%. 🔌 Celestica ($CLS) jumped 10% to lead the TSX after reporting adjusted earnings of $3.30 per share against the $2.99 expected, with revenue of $5.83 billion topping $5.48 billion and up 82.5%. The Toronto company raised its 2026 outlook to $21 billion in revenue and $11.55 in adjusted EPS. ✈️ JetBlue ($JBLU) jumped 19%, reversing Monday’s collapse, despite posting a larger than expected third quarter loss. The airline said it expects further margin expansion in the fourth quarter. 💸 SoFi ($SOFI) surged 13.42% to $16.40 on a beat across the board, with adjusted EBITDA more than $40 million ahead of estimates. The fintech raised full year guidance on every metric and gave 2027 forecasts above the Street. 🛢️ Oil fell after Iranian Supreme Leader Mojtaba Khamenei and security chief Mohsen Rezaei discussed conditions for ending the conflict. WTI settled down 1.83% at $99.90 and Brent shed 1.67% to $113.88. The Bank of Canada and the Fed both decide Wednesday, with markets pricing a 78% chance of a Canadian quarter-point hike. 👨🏻💻 Researched and written daily by @timemino
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Both the Bank of Canada and the Fed decide tomorrow. Does the BoC hike?
Yes, 25 basis points
No, holds at 2.25%
186 votes · 12h left
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