Nvidia, Verizon and Caterpillar rise premarket; Kraft falls By Investing.com
Update: 2025-10-29
Description
U.S. stock futures saw a small bounce as investors anticipated the Federal Reserve's interest rate decision. Major tech companies like Nvidia, Verizon, and Caterpillar reported earnings, with Nvidia's stock surging after Trump's comment on AI processors and Verizon's stock popping due to better-than-expected third-quarter earnings. CVS Health raised its annual profit forecast but took a hit from an impairment charge. Kraft Heinz and Etsy saw stock drops due to lower sales and earnings outlooks. Fiserv's stock plunged nearly 30% after a disappointing earnings report. Company earnings continue to significantly impact stock prices, with investors eagerly awaiting the Fed's decision.
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