Major Averages Mixed as Investors Await Fed Policy Meeting Conclusion

The major averages were mixed near noon as investors await the conclusion of the Federal Reserve's policy meeting, with the results of the meeting set to be released at 2:00 pm ET this afternoon. Markets expect a rate cut, but remain wary about what guidance might come afterward. Equity investors are acting cautiously. With heightened uncertainty about future rate moves and economic growth, trading volume and conviction remain muted.Looking to commodities, gold was fractitonally lower, with the commodity continuing its up-and-down run. Oil prices were lower as well after the release of crude data.Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.1. STOCK NEWS:GE Vernovadoubled its quarterly dividend, raised its buyback authorization, updated its FY25 revenue guidance, andCracker Barrelreportedand cut its FY26 revenue guidanceSK Hynix is exploring a U.S. listing to lift its global valuation,Lakeland Industriesreportedand withdrew its FY26 guidanceAmazonwill pay Italian tax authorities EUR723M in a settlement,2. WALL STREET CALLS:GE Vernovato Outperform at RBC Capital and Oppenheimer after the company raised its medium-term outlookEchoStarto Overweight at Morgan StanleyPepsiCoto Overweight at JPMorganRobloxwith a Buy at B. RileyHSBCBiogento Reduce, its sell-equivalent rating3. AROUND THE WEB:After Netflixannounced its deal for Warner Bros. Discovery, Larry Ellison called President Donald Trump to argue it would hurt competition,Nvidiahas built location verification technology to indicate what country its chips are operating in, a move that could help prevent the chips from being smuggled into countries where the export is banned,AirbusCEO Guillaume Faury said it was possible Boeingwould win in the annual order race for the first time in six years,CoupangCEO Park Dae-jun has resigned and is taking responsibility for a massive data breach at the company,Elliot Investment Management has increased its stake in Toyotato 5.01%, increasing pressure on the client as it plans to buy out the forklift manufacturer,4. MOVERS:Brazeincreases afterand raising its guidance for FY26Photronicsand Dave & Buster'sgain afterTerns Pharmaceuticalshigher after announcing aAeroVironmentfalls afterand cutting its guidance for FY26Wave Life Scienceslower in New York after announcing a5. EARNINGS/GUIDANCE:Chewy, with EPS and revenue beating consensusJ.Jilland provided guidance for FY25 and Q4, with CEO Mary Ellen Coyne commenting, "We delivered better than expected earnings results with topline at the high end of our expectations"Hello Group, with EPS and revenue lower year-over-yearREV Group, with EPS and revenue beating consensusDaktronics, with interim CEO Brad Wiemann commenting, "We delivered another solid quarter of revenue and profit expansion"INDEXES:Near midday, the Dow was up 0.51%, or 242.04, to 47,802.33, the Nasdaq was down 0.18%, or 41.77, to 23,534.72, and the S&P 500 was up 0.10%, or 7.05, to 6,847.56.