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Federal Reserve Keeps Rates Unchanged, Markets Close Slightly Higher

The major averages finished the day fractionally higher after the Federal Reserve left the federal funds rate unchanged at 3.75%-4%. In a 10-2 vote, the Fed left its benchmark interest-rate unchanged, with Chair Warsh saying that while uncertainty remains elevated in part due to "geopolitical developments," domestic spending has been "resilient." Productivity growth is strong, Warsh added, and capital investment is "robust."Semiconductor stocks provided support after South Korea's SK Hynix reported record profits. Meanwhile, oil prices surged nearly 3% following an attack on Saudi Arabia's Ras Tanura refinery.Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.1. STOCK NEWS:Trian has offered to acquire Wendy'sfor $7.35 per share in cashSeagatereported better-than-expected Q1 results and raised its quarterly dividendSK Hynixreported mixed Q3 results, with net profit falling below consensus estimates but revenue coming in higherGE Vernovaprovided a "beat and raise" report for Q3 and agreed to acquire Trench Group for $9BAppleintroduced the MacBook Pro XDR, which will start at $2,899 for the 14-inch model and $3,399 for the 16-inch model2. WALL STREET CALLS:Enphase Energydowngraded at Roth Capital and OppenheimerXylemdowngraded to Underweight at JPMorganPiper Sandler downgraded F5on valuation, lack of catalystsWhirlpooldowngraded to Sell at StifelBoeingupgraded to Buy at Langenberg3. AROUND THE WEB:Certain BPboard members are in favor of breaking up the oil and gas giant following years of smaller spinoffs that have failed to cool down pressure from shareholders, Semafor reportsThe U.S. Department of Justice has made inquiries about how Nvidia's$12.93B deal to buy open-source platform Hugging Face would affect competition in artificial intelligence, Reuters saysMeta's$25B share sale attracted demand for about five times the available shares, as the company seeks to raise $98B for its AI spending, Bloomberg saysResearchers at TrendAI, a defense firm, found an Israeli ad tech company has been targeting users of Starlink'ssatellite internet service, likely to spy on them, Reuters reportsOpenAI is planning to purchase AI chips from Google, The Information reports4. MOVERS:Genmabgained in New York after announcing its Phase 3 LiGeR-HN1 trial of petosemtamab met its dual primary endpointsAxoGenincreased after reporting Q3 results and raising its guidance for FY26Stellantisand Haywardwere higher in New York after reporting quarterly resultsSellas Life Scienceswas lower after triggering the final analysis of its REGAL trialRapport Therapeuticsfell after announcing a 8.33M share offering5. EARNINGS/GUIDANCE:Visareported better-than-expected Q4 earnings and revenue and provided its outlook for Q1 and FY27Amphenolreported Q3 results and provided guidance for Q4 and FY26Brinkerreported Q1 results and raised its outlook for FY27Dieboldreported Q3 results and cut its guidance for FY26Idexreported Q3 results, with CEO Eric Ashleman calling it "another strong quarter"INDEXES:The Dow rose 97.53, or 0.19%, to 52,475.10, the Nasdaq gained 72.04, or 0.27%, to 26,549.85, and the S&P 500 advanced 21.38, or 0.28%, to 7,743.98.

White House Plans to Loosen Methane Emission Rules

Catch up on the top industries and stocks that were impacted, or were predicted to be impacted, by the comments, actions and policies of President Donald Trump with this daily recap compiled by The Fly.METHANE GAS EMISSIONS:The White House is slated to loosen rules designed to mandate that oil and gas companies lower their emissions of methane, a gas viewed as a "super pollutant" since it traps so much heat in the atmosphere, the New York Times' Brad Plumer. President Trump is anticipated to announce the plan at a Tuesday campaign rally in Texas alongside Republican Senate candidate Ken Paxton, the author says, citing two administration officials. Publicly traded companies in the space include BP, Chevron, ConocoPhillips, Exxon Mobil, Shelland TotalEnergies.TARIFFS:The U.S. and Canada are negotiating potential tariff relief on Canadian steel and autos to repair strained trade relations following stalled talks, with discussions focused on easing Section 232 duties of up to 50% on steel and 25% on autos, Reuters' Promit Mukherjee and David Shepardson. A Canadian source briefed on the negotiations says a deal on steel and auto tariffs was possible before the November 3 elections, while U.S. sources say the Trump administration wanted Canada to make further concessions. Publicly traded companies in the steel space include ArcelorMittal, Cleveland-Cliffs, Nucor, Steel Dynamicsand U.S. Steel. Publicly traded companies in the auto space include Ford, General Motors, Honda, Lucid Group, Mercedes-Benz, Nissan, Rivian, Stellantis, Tesla, Toyotaand Volkswagen.CONSTELLATION ENERGY:The White House is offering as much as $5B in financing to Constellation Energyto upgrade and modernize the company's nuclear reactors in Illinois, Maryland, and Pennsylvania, Bloomberg's Ari Natter and Will Wade report. The projects supported by the conditional loan commitment are anticipated to add almost 1.1 GW of electricity and help strengthen the grid and cut costs, the authors say, citing the U.S. Energy Department. Energy Secretary Chris Wright intends to announce the financing later Tuesday, the authors note.