Fed Hike Lifts Rates as Snap and Generac Stocks React to New Deals

U.S. stock futures rose on Thursday after the Federal Reserve unanimously approved a 25-basis-point increase in the federal funds rate, lifting the target range to 3.75%–4.00%. The move followed a lower close on Wednesday and occurred amidst geopolitical tensions in the Middle East. Market data from GN stocks/sp500 shows the S&P 500 index up 0.75% and the Nasdaq 100 up 0.96% in premarket trading, reflecting a resilient investor sentiment despite the hawkish monetary policy shift.

Treasury yields remained elevated, with the 10-year bond yielding 4.99% and the 2-year bond at 4.70%. According to CME Group’s FedWatch tool, markets are pricing in a 53.1% probability of another rate hike after the October meeting. This forward-looking assessment highlights the central bank’s commitment to maintaining strict monetary conditions in response to persistent inflation and energy price shocks, which remain the primary drivers of current economic uncertainty.

Snap Partners with Tech Giants for AR Glasses

Snap Inc. (NYSE:SNAP) shares jumped 2.62% in premarket trading after the company announced new enterprise partnerships with Salesforce, Nvidia, and Amazon Web Services. These collaborations aim to integrate advanced computing capabilities into Snap’s augmented reality glasses, SPECS, for specific industrial applications. The strategy targets field service, remote support, and retail work environments, signaling a shift toward enterprise-focused hardware solutions rather than consumer-only applications.

Generac Secures Amazon Data Center Backup Deal

Generac Holdings Inc. (NYSE:GNRC) surged 32.49% in premarket trading following the announcement of a supply agreement with Amazon.com Inc. (NASDAQ:AMZN). The contract involves the provision of data center backup generators, a critical component for maintaining operational continuity in high-demand computing infrastructure. This deal positions Generac to benefit from the expanding data center sector, where reliable power management is a core requirement for cloud service providers.

Fluence Cuts Guidance Amidst Earnings Weakness

Fluence Energy Inc. (NASDAQ:FLNC) fell 19.9% in premarket trading after the company lowered its full-year 2026 sales guidance below market expectations. The revision reflects challenges in the energy storage sector and a cautious outlook on near-term demand. In a related leadership change, Fluence appointed Bernerd Da Santos as chief operating officer, a move intended to stabilize operations and address the revenue shortfalls highlighted in the updated financial projections.

Other notable movers include Lennar Corp. (NYSE:LEN), which dropped 1.79% after missing top- and bottom-line estimates for its third quarter, and Arm Holdings (NASDAQ:ARM), which rose 2.67% as CEO Rene Haas expressed confidence in the company’s first in-house data center chip meeting its $2 billion revenue target. These mixed results underscore the divergent performance of sectors responding to the current macroeconomic environment and specific corporate developments.