Stock market today: Dow, S&P 500, Nasdaq with Wall Street awaiting expected Fed rate cut

Company and Industry Insights - Paramount SkyDance (PSKY) launched a $108 billion hostile bid for Warner Bros. Discovery (WBD), causing PSKY stock to initially rise by 5% before paring gains [5] - Warner Bros. Discovery (WBD) shares surged nearly 7% following the bid announcement, while Netflix (NFLX) experienced a pullback due to the implications for its acquisition plans [5] - Upcoming earnings reports from Oracle (ORCL) and Adobe (ADBE) are anticipated on Wednesday, with Broadcom (AVGO) and Costco (COST) scheduled for Thursday [5]