Stocks @ Night is a daily newsletter delivered after hours, giving you a first look at tomorrow and last look at today. Sign up for free to receive it directly in your inbox. Here’s what CNBC TV’s producers were watching as the S & P 500 closed lower after Federal Reserve Chair Jerome Powell signaled the central bank isn’t ready to lower rates, and what’s on the radar for the next session. Meta, Microsoft and AI growth Meta Platforms shares are up 12% after the bell. Microsoft is up 10% after the bell. Deepwater Asset Management’s Gene Munster was on “Fast Money” Wednesday night. He said, “This is a big moment in AI. We’re going to look back and realize we didn’t understand how early in AI we are.” Munster also said “On [capital expenditures], Meta guided to 48% growth next year. The Street was at 11%. The message is that there is gold in those hills: You can invest in AI and increase your earnings. That will get other companies to start to move to this.” After the Federal Reserve’s meeting and the Big Tech earnings “Mad Money” man Jim Cramer said, “We’re back to loving tech and just tech.” Meta and Microsoft are both top 10 holdings in Cramer’s charitable trust. Meta is up almost 400% since he last bought in the fall of 2022. Microsoft is up 40% since his previous purchase last year. Big Tech will be a major focus starting at 5 a.m. ET with “Worldwide Exchange” and then “Squawk Box.” MSFT 1D mountain Microsoft in the past day Major earnings out Thursday afternoon Apple is due to report. The stock has dropped 1.6% in the past three months. Shares are off 20% from the December 2024 high. Amazon will also report. The stock has gained about 25% in the past three months. Shares are down 5% from the February high. Mastercard in the morning The global payments giant will report in the morning. Shares have gained 2% over the past three months. Mastercard is off 6% from the June 11 high. Visa has gained 1.6% over the past three months. Shares are 6% from the high. American Express has advanced about 14% over the last three months. It’s 8% from the early June high. MA 3M mountain Mastercard shares over the past three months Fed fight, stocks and bonds The Federal Reserve left the key interest rate at a target range of 4.25% to 4.50% on Wednesday, but two members expressed dissent with the decision. The last time multiple governors cast no votes on a rate decision was in 1993, according to CNBC TV’s senior economics reporter Steve Liesman. There is no real signal that there will be a cut at the next meeting, slated for Sept. 16-17. Stocks slid around 2:30 p.m. when Powell began speaking, but they came off their lows before the close. The U.S. 10-year Treasury note yield is at 4.37%. The two-year Treasury yield is about 3.94%. The one-year Treasury bill yields 4.13%. The six-month T-bill yield is 4.28%. The three -, two – and one-month T-bills all yield about 4.35%. The iShares iBoxx High Yield Corporate Bond ETF (HYG) has a dividend yield of 5.75%. The iShares 0-5 Year High Yield Corporate Bond ETF (SHYG) yields 7.08%. The Fidelity Corporate Bond ETF (FCOR) is yielding 4.43%. The SPDR Bloomberg High Yield Bond ETF (JNK) yields 6.56%. Coinbase reports after the bell The crypto trading platform will report quarterly results Wednesday afternoon. Shares have surged 86% in the past three months. The stock is 15% from the high hit earlier this month. COIN 3M mountain Coinbase shares in the past three months Copper Copper fell 18% on Wednesday after President Donald Trump put a 50% tariff on imports of the metal. The price fell because those tariffs won’t be as widespread as the market feared. Copper futures have dropped nearly 9% in the past month. Year to date, they are up 15%. Gold futures have been little changed in the last month. They are up 26% year to date. Silver futures have gained nearly 4% in a month. They are up 27% year to date. Alignment Healthcare CNBC TV’s Bertha Coombs reported Wednesday night that this health care company posted a surprise on profit in its earnings report. Alignment Healthcare is up 20% after hours. We will follow it Thursday morning on “Worldwide Exchange” with CNBC’s Frank Holland at 5 a.m.
