Market Outlook: Key Moves Expected in Wednesday’s Trading Session

Stocks @ Night provides a daily after‑hours briefing, offering an early look at tomorrow’s market and a recap of today’s movements. Upcoming developments include the Federal Reserve’s first decision under Chairman Kevin Warsh, scheduled for release at 2 p.m. ET, followed by a news conference at 2:30 p.m. The 10‑year Treasury yield stands at 4.43%, with the two‑year at 4.05%, the one‑year at 3.84%, the six‑month at 3.80%, the three‑month at 3.72%, and the one‑month at 3.63%. High‑yield corporate bond ETFs such as SHYG, HYG, and JNK report dividend yields of 6.99%, 5.89%, and 6.59% respectively, while Fidelity Corporate Bond ETF (FCOR) offers 4.53% and KHYB provides 8.8% for non‑U.S. exposure. CNBC senior economics reporter Steve Liesman will closely monitor the Fed announcement. Meanwhile, crude oil benchmarks Brent and West Texas Intermediate have slipped below $80 per barrel, down 27% month‑over‑month, pulling the S&P Energy sector 13% below its March 27 peak and dragging gasoline futures 21% lower; average New Jersey gasoline prices sit at $4.08 per gallon, with Texas at $3.50. After a three‑day rally, major indexes have paused, with the Nasdaq Composite, Nasdaq 100, and Russell 2000 ending their winning streaks; the Dow Transports are down 10% from their 52‑week high, though all major indices remain above their 50‑day and 200‑day moving averages. In the equity space, CarMax will report earnings at 6 a.m., up nearly 25% over three months but down 27% from its July 2025 52‑week high; Jabil will release results at 8 a.m., up 45% in three months and down 6% from its recent peak. CNBC’s “Squawk Box” will cover the releases live with Becky Quick, Joe Kernen, and Andrew Ross Sorkin. Amazon’s AWS summit will be watched for announcements, with shares up 3.1% over two days but down 9% in June and 11.7% from the May 5 high. SpaceX is preparing for a resupply mission splashdown at 8:08 a.m. East Coast time (5:08 a.m. West Coast), having passed the $200‑share threshold. CrowdStrike’s annual meeting will be reported by Seema Mody, as the stock has fallen 13.5% from its June peak yet remains up 45% year‑to‑date and 60% over three months.

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