The Manila Times·2025-10-29 13:28Market Overview - The S&P 500 index reached an intraday record above 6,900 for the first time, marking a significant milestone in the market [2][3] - Major averages posted record closes for two consecutive days, indicating strong market performance [3] Economic Indicators - Investors are awaiting the Federal Reserve's decision on interest rates, with expectations for a second consecutive cut [3] - The Fed's announcement is scheduled for 2 PM ET, followed by a press conference with Fed Chair Powell at 2:30 PM ET [3] Corporate Earnings - The earnings season is in full swing, with five companies from the "Magnificent 7" set to release quarterly figures in the next two days [3] - Notable companies reporting today include Microsoft, Alphabet, and Meta, which are key players in the tech sector [3] Company Developments - AI-writing assistant Grammarly has announced a rebranding, changing its name to Superhuman to unify its various platforms under one brand [3]