CNBC Daily Open: Capex is the number to look at amid Big Tech earnings
CNBCยท2025-10-30 01:23
The news is coming in fast and thick. Strap in.First, interest rates.The U.S. Federal Reserve lowered rates by 25 basis points, as expected by traders. But Chair Jerome Powell cautioned that another cut in December, which the market had been pricing in with more than 90% certainty, "is not a foregone conclusion."His statement threw cold water on the markets, sending most stocks lower and Treasury yields higher.Next, Big Tech earnings.Alphabet, Meta and Microsoft reported earnings that beat analyst expectati ...