What’s likely to move the market

What's likely to move the market

Traders work on the floor of the New York Stock Exchange on September 18, 2024 in New York City. 

Stephanie Keith | Getty Images

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Here’s what CNBC TV’s producers were watching as the Federal Reserve slashed rates by a half point on Wednesday and what’s on the radar for the next session.

Existing home sales due Thursday at 10 a.m. ET

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Beazer Homes’ performance in the past month

Morning restaurant reports

  • Cracker Barrel and Darden Restaurants will release earnings before the bell.
  • Cracker Barrel is down more than 3% from three months ago. The stock is up about 6% week to date, but it’s 49% from the late December high.
  • Darden Restaurants is up roughly 5% in the past three months. Darden runs restaurant brands like Olive Garden, Longhorn Steakhouse, Ruth’s Chris and Bahama Breeze. The stock is 9.5% from the March high. 

Afternoon reports

  • FedEx reports after the bell. The stock is up 20% in the past three months. It stands 5% from the July 16 high.
  • Lennar also reports after the bell. The stock is up 26% from three months ago. It hit a new 52-week high Wednesday. It is up more than 5% in a week.
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FedEx shares in the past three months

Rate cuts and banks

Rates and the Fed

Gold

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