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Markets fell as Fear & Greed slipped to 28, Treasury yields topped 5%, oil surpassed $105, and traders anticipated a Fed rate hike.
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Forgent Power Solutions stock surged 9.50% after reporting exceptional AI-driven growth with 94% year-over-year revenue increase to $462 million in Q4 fiscal 2026. The company projects 76% revenue growth to $2.5 billion in fiscal 2027 and plans a $35 million capacity expansion in Mexico to support continued demand.
Forgent Power Solutions (NYSE:FPS) sees Q1 sales of $445.000 million-$465.000 million vs $456.715 million analyst estimate.
The 10-year Treasury yield broke 5% for the first time since 2007 as WTI surged past $105 on Saudi pipeline outages, pressuring stocks ahead of the Fed.
U.S. stock futures advanced on Wednesday, as the Dow Jones, S&P 500 and Nasdaq 100 indices rose, following Tuesday's lower close.
Stocks in focus: LuxExperience earnings, FTAI’s $500M buyback, Sobr Safe delisting, Trip.com beats estimates, and Lennar reports after close.
Will S&P 500 open higher? Polymarket odds reach 60% as Wall Street awaits Fed's rate decision, digests war costs, and shakes off AI fears.