Stock futures rise as traders weigh Fed’s super-sized rate cut: Live updates

The surprise interest rate cut by the Fed is likely to provide support to the stock prices of companies within interest-sensitive sectors, such as real estate and utilities. However, market caution remains due to comments from the Fed suggesting no further drastic cuts are guaranteed.

FedEx may be positively affected by the rate cut as it could reduce borrowing costs and improve margins in an inflationary environment. Investors will be watching its earnings closely for any guidance on future performance.

Darden Restaurants could benefit from lower consumer borrowing costs, potentially increasing discretionary spending on dining out, leading to a positive reception of its earnings report.