Happy Wednesday! The Fed is expected to deliver its first rate cut since December, but with markets at record highs, the real question is: what happens next? Here’s your preview of what’s at stake, and what the market’s watching closely.

Also, two of tech’s loudest bulls, Cathie Wood and Dan Ives, are betting on the same 11 AI stocks to power the next trillion-dollar boom. Read on for the full list.

Plus, if you are interested in investing alongside early backers of a real estate disruptor — led by a former Zillow executive — check out today’s sponsor.

In Today's Edition

• MARKET RECAP

• MARKET HEATMAP

• FIVE ZINGERS

• MARKET HISTORY

• ONE FOR THE ROAD

Fed Preview: A Rate Cut Is Baked In, Will Trump Get The 'Big Cut' He Wants?

The Federal Reserve is poised to deliver its first rate cut since December, and the market’s already betting big on it as stocks sit at record highs. Today’s decision is less about whether a rate cut is coming and more about how big the rate cut will be as the White House continues to press for a substantial cut.

The biggest thing investors will be watching is Powell’s tone, the Fed’s updated dot plot projections and whether there’s any dissent from Fed members advocating for small, large, or no cuts at all.

Will this be a "sell-the-news" event, or will stocks keep making new all-time highs? Read on to see what the experts think.

You May Want To Keep This Stock On Your Watchlist

They’re a private company, but Pacaso just reserved the Nasdaq ticker “$PCSO.”

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No surprise that the same firms that backed Uber and Venmo already invested in Pacaso. And you don’t have to be a Wall Street firm to invest. Pacaso is giving the same opportunity to everyday investors, and 11,000+ people have already joined them.

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Yesterday: U.S. indexes ended lower Tuesday as investors remained cautious ahead of today’s Federal Reserve decision. The S&P 500 dipped 0.1%, but stayed near record highs, while the Nasdaq snapped a nine-day winning streak. The U.S. dollar softened against major currencies, and oil prices rose following renewed Ukrainian drone strikes on Russian refineries. Markets overwhelmingly expect a 25 basis point rate cut from the Fed today, so much of the attention will be on the Fed’s updated dot plot and any commentary on future policy going forward. Today’s decision comes as inflation remains elevated and labor market data continues to show signs of softening.

On Our Radar: Analysts will be watching the FOMC interest rate decision, as well as Chair Powell’s press conference. On the earnings front, all eyes will be on Bullish (BLSH) and Cracker Barrel (CBRL), which will report results after the market close today.

Shares of Robo.ai (AIIO), Jumia (JMIA) and Angel Studios (ANGX) were soaring Tuesday, while Strive (ASST) continued its massive tumble regarding its aggressive Bitcoin accumulation plan. But those weren’t the only companies making big moves. Here’s a look at some of the biggest winners and losers on Tuesday.

Discover how the market is moving with our interactive heatmap. Filter by market cap, or click on any box to explore specific sectors or assets in more detail.

Your Next Big Fintech Breakthrough Starts Here

Looking for your next partnership, investor or spark of inspiration? On November 10, 2025, the Benzinga Fintech Day & Awards returns to NYC to connect the most influential names in financial technology. Meet innovators, decision-makers and investors who are actively shaping the next wave of fintech disruption. From networking, cutting-edge insights and a prestigious awards ceremony — it’s the one fintech event you can’t afford to miss.

On This Day In 2001…

The New York Stock Exchange and Nasdaq resumed trading after an unprecedented four-day closure following the September 11 terrorist attacks. It was the longest shutdown of U.S. markets since the Great Depression. When the opening bell rang, it was more than just a return to business, it was a powerful symbol of resilience. While the major indexes all dropped by more than 5% that day, the market eventually recovered and went on to make new all-time highs.

QUOTE OF THE DAY

“Enjoy the magic of compounding returns. Even modest investments made in one's early 20s are likely to grow to staggering amounts over the course of an investment lifetime.“

— Jack Bogle

Cathie Wood, Dan Ives Both Picked These 11 AI Stocks — Some Might Surprise You

Two of the most influential voices in tech investing — Cathie Wood and Dan Ives — are backing the same 11 AI stocks they believe are poised to lead the next wave of innovation.

While their picks include familiar giants like Tesla and Nvidia, several lesser-known names suggest a broader and more surprising vision for the AI-driven future. With both predicting multi-trillion-dollar opportunities in what’s being dubbed the Fourth Industrial Revolution, the overlap in their portfolios offers a rare signal for investors looking to capitalize early.

Read on to see which 11 AI stocks made their list.

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