Closing Bell: Markets End Mixed Ahead of Key Fed Decision

Key Points

• Markets ended mixed ahead of tomorrow’s FOMC meeting, with Energy, Consumer Staples, and Tech leading while Health Care and Industrials lagged.
• Paramount Skydance launched a hostile $108B all-cash bid for Warner Bros. Discovery
• Nvidia shares fell after reports that China may restrict access to H200 chips despite U.S. approval

Markets closed mixed as focus on tomorrow’s FOMC meeting takes center stage. The S&P 500 (SPX) slipped 0.09%, the Nasdaq-100 (NDX) edged 0.16% higher, and the Russell 2000 (RUT) finished up 0.21%. Energy, Consumer Staples, and Information Technology were the top-performing sectors, while Health Care and Industrials saw selling pressure.

Paramount Skydance Make Hostile Bid for Warner Brothers Discovery

Paramount Skydance (PSKY) has made an all-cash offer to acquire Warner Bros. Discovery (WBD) for $30 per share, valuing the company at approximately $108 billion. The bid includes WBD’s cable networks, which are not part of Netflix’s competing offer. Paramount Skydance is appealing directly to shareholders in an effort to win the bid.

Nvidia Falls After Reports That China will Restrict H200 Access

Following yesterday’s announcement from President Trump allowing Nvidia (NVDA) to begin selling H200 chips to China under certain restrictions, new reporting from the Financial Times indicates that China is exploring ways to permit only limited access to the advanced chips. The move reflects both national-security considerations and a push to prioritize domestically produced semiconductors. The Trump administration is still working through the logistical details of how such chip sales to China will be facilitated.

Key Market Events for Tomorrow

• 08;30 AM ET: Employment Cost Index
• 10:30 AM ET: Crude Oil Inventories
• 02:00 PM ET: FOMC Economic Projections
• 02:00 PM ET: FOMC Statement
• 02:30 PM ET: FOMC Press Conference

Notable Earnings for Tomorrow

• Premarket: CHWY
• Postmarket: ADBE, ORCL, SNPS

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