Benzinga·2025-10-09 09:41Market Overview - U.S. stock futures declined on Thursday following a mixed close on Wednesday, with major benchmark indices showing lower futures [1][3] - The AI sector remains strong, with Advanced Micro Devices Inc. (AMD) rising over 11% and Micron Technology Inc. (MU) gaining around 6% [1] Federal Reserve Insights - The Federal Reserve's minutes indicated that President Trump's trade tariffs are impacting growth and inflation outlook, raising concerns about the duration of interest rate cuts [2] - The 10-year Treasury bond yielded 4.13%, while the two-year bond was at 3.59%, with a 94.6% likelihood of a rate cut in the upcoming October meeting [3] Stock Performance - The SPDR S&P 500 ETF Trust (SPY) fell 0.040% to $673.11, and the Invesco QQQ Trust ETF (QQQ) declined 0.10% to $610.82 in premarket trading [3] - Stocks in focus include: - PepsiCo Inc. (PEP) up 0.27% ahead of earnings, expected at $2.26 per share on revenue of $23.83 billion [6] - Turn Therapeutics Inc. (TTRX) surged 271.43% after starting trading on Nasdaq [7] - AiRWA Inc. (YYAI) gained 47.72% after rebranding, shifting focus to Web3 and blockchain [7] - Delta Air Lines Inc. (DAL) up 0.75% ahead of earnings, expected at $1.52 per share on revenue of $15.04 billion [7] - Levi Strauss & Co. (LEVI) increased by 0.32%, with expected quarterly earnings of 31 cents per share on revenue of $1.50 billion [7] Sector Performance - The S&P 500 sectors saw industrials, information technology, and utilities leading to a positive close, while energy and financial stocks ended lower [5] - The Nasdaq Composite surged over 1% to new all-time highs, driven by technology stocks [8] Analyst Insights - Professor Jeremy Siegel remains positive on equities, suggesting they look better than long bonds over a 6-12 month horizon, while monitoring the impact of tariffs on consumer behavior [10] - Darshan Desai noted that gold prices are easing due to a peace deal between Israel and Hamas, reducing demand for safe-haven assets [11]