📈 Global Markets & U.S. Stocks
Wall Street Futures Rise on Trade Talk Optimism
U.S. stock futures edged higher on Wednesday, with major indices up around 0.6%, as optimism grew over renewed trade negotiations between the U.S. and China. Investors are also closely watching the Federal Reserve, which is expected to maintain its benchmark interest rate between 4.25% and 4.5% amid lingering inflation concerns. The S&P 500 ETF (SPY) traded at $560.01, reflecting cautious market optimism.
🏦 Interest Rates & Savings
Mortgage Rates Inch Up, Savings Rates Hold Strong
The average 30-year fixed mortgage rate has risen to 6.83%, signaling tighter credit conditions. Despite the increase, experts forecast a gradual decline to around 6.30% by year-end. Meanwhile, savers are benefiting from elevated yields: top Certificates of Deposit (CDs) offer returns up to 4.40% APY, and money market accounts are delivering as high as 4.41%—making them attractive in today’s volatile environment.
💼 Corporate Earnings
Disney Shares Jump on Strong Q2 Results
Disney impressed Wall Street with robust second-quarter results, reporting $1.45 in earnings per share on $23.62 billion in revenue. A surge in Disney+ subscriptions—now at 126 million—helped fuel the company’s growth. Disney also raised its full-year profit outlook, sending its stock up 6% in premarket trading.
Uber Falls Short Despite Revenue Growth
Uber’s shares dipped 3.5% after the company missed revenue and gross bookings expectations for Q1. Although revenue was up 14% year-over-year and earnings came in at $0.83 per share, investors reacted cautiously to the soft top-line performance.
Other Notable Reports
Endo and Burford Capital both released their first-quarter earnings. Endo reaffirmed its 2025 financial guidance, while Burford reported steady performance aligned with market expectations.
🏅 Wealth Management Rankings
Top Financial Advisors Recognized
USA TODAY released its list of the Best Financial Advisory Firms of 2025. Global Wealth Management secured the top spot in Southeast Florida. Ashton Thomas Private Wealth ranked 7th nationally, and Modera Wealth Management also received industry honors for outstanding client service and investment strategy.
🪙 Cryptocurrency
Bitcoin Pushes Toward $97,000
Bitcoin is gaining momentum again, rising 2% to trade just below the $97,000 mark. The broader crypto market remains strong, with most top-10 digital assets showing solid year-to-date gains as investors seek alternatives amid traditional market volatility.
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