Core Points - US stocks experienced an upward trend on Wednesday, primarily influenced by the performance of technology shares as investors anticipated the Federal Reserve's interest rate decision [1] - The Nasdaq Composite index increased by 0.6%, reaching a new record high, indicating strong investor confidence in the technology sector [1] - The S&P 500 also showed gains, reflecting a broader positive sentiment in the market [1]

Shares of Etsy fell more than 9% in premarket trading on Wednesday after the e-commerce company announced that Chief Executive Josh Silverman will step down at the end of the year. Silverman will be s... ...

The Schwab US Dividend Equity (SCHD) ETF remained in a tight range this week as it continued to underperform other tech-heavy indices like the S&P 500 and Nasdaq 100. This article highlights whether t... ...

Core Insights - Fiserv Inc (NASDAQ: FI) is facing pressure following disappointing financial results for the third quarter [1] - The company has reduced its guidance for the full year, indicating potential challenges ahead [1] Financial Performance - The financial technology company reported weaker-than-expected earnings for the third quarter [1] - Specific financial metrics and comparisons to previous quarters were not detailed in the provided content [1] Future Outlook - The trimming of guidance for the full year suggests a reassessment of growth expectations [1] - This adjustment may reflect broader industry challenges or company-specific issues [1]

Core Insights - Paramount Global will lay off approximately 2,000 employees, marking one of the largest job cuts in recent years [1] Company Summary - The layoffs will begin on Wednesday, indicating an immediate impact on the workforce [1]

Core Insights - Joby Aviation's stock price surged to $16.95 following the announcement of a new partnership with Nvidia, the largest company globally [1] - The stock has experienced a remarkable increase of 250% from its lowest point this year [1] Company Summary - Joby Aviation is an eVTOL (electric Vertical Take-Off and Landing) company that is gaining attention due to its strategic partnership with Nvidia [1] - The partnership with Nvidia is expected to enhance Joby Aviation's technological capabilities and market position [1] Industry Context - The eVTOL industry is witnessing significant developments, with partnerships between technology companies and aviation firms becoming increasingly common [1] - The rise in Joby Aviation's stock reflects broader investor interest in innovative transportation solutions within the aerospace sector [1]

Core Insights - Nvidia stock (NASDAQ: NVDA) increased by over 3% in pre-market trading, moving the company closer to a $5 trillion market valuation, a milestone that no chip company has achieved before [1] Company Summary - The surge in Nvidia's stock price indicates strong investor confidence and market interest in the company's growth potential [1] - Achieving a $5 trillion market valuation would represent a significant milestone in the semiconductor industry, highlighting Nvidia's leading position in the GPU market [1]

Core Viewpoint - Victoria's Secret & Co. received an upgrade from UBS, moving from neutral to buy, indicating strong confidence in the company's future performance [1] Summary by Category - **Stock Upgrade** - UBS upgraded Victoria's Secret's stock rating from neutral to buy, reflecting a positive outlook on the company's performance [1] - **Price Target Adjustment** - UBS also raised its 12-month price target for Victoria's Secret, suggesting an anticipated increase in the stock's value [1]

Core Viewpoint - Microsoft is expected to report strong fiscal first-quarter earnings, driven by investments in artificial intelligence and high demand for its products and services [1] Group 1: Financial Performance - Wall Street anticipates a solid performance from Microsoft in its upcoming earnings announcement [1] - The company's fiscal first-quarter results are expected to reflect the positive impact of artificial intelligence investments [1] Group 2: Market Demand - There is robust demand for Microsoft's offerings, which is contributing to the anticipated strong earnings [1]

Group 1 - Dow futures are trading in green, indicating positive market sentiment driven by optimism surrounding ongoing AI advancements [1] - Strong corporate earnings, particularly in the tech sector, are contributing to the bullish outlook [1] - Investors are anticipating a widely expected 25-basis-point rate cut from the Federal Reserve [1]