Wall Street åpner opp

Wall Street opened on Tuesday with all major stock indices showing an uptrend. Boeing, the aircraft manufacturer, took a significant hit after releasing its quarterly results, slumping by 10.7% during the opening bell. By the evening, anticipation grew for fresh dips from tech giants like Microsoft and Alphabet's Google. At 19:00, the U.S. Federal Reserve (Fed) released its latest interest rate decision, with expectations that the U.S. benchmark rate will remain between 3.75-4%.

The Federal Reserve had raised rates for the first time since 2023 in September, adding to the pressure surrounding potential future signals. This decision comes less than a week before the U.S. midterm elections, where the balance of power in Congress is at stake. Stellantis, the automotive manufacturer, reported a 1% increase in net income for the third quarter, totaling $37.6 billion.

The company is involved in a cost-cutting operation, cutting costs by $60 billion to restore profitability, according to CNBC. Investors have largely welcomed the earnings, with the stock price surging ahead of market opening. Stellantis confirmed its guidance for 2026 and stated they are awaiting a positive cash flow next year.

Stock prices of Wendy's jumped after news of a $1.4 billion offer from a group of investors for the fast-food chain. Nelson Peltz’s hedge fund, Trian Fund Management, has been a long-time shareholder of Wendy's, arguing that the chain is at a critical point and would be better off as a private company, as reported by The Wall Street Journal.

The newspaper notes that the stock has fallen by roughly 70% over the past five years due to "operational missteps" and pressure on earnings.