Stock market today: Dow, S&P 500, Nasdaq end little changed as Wall Street's Fed rate cut conviction runs high

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• Five Below has seen really nice traffic growth and growth in both new customers as well as retention

  80% confidence

• Trump called Jerome Powell a 'stubborn mule' for the central bank's decision to only modestly lower borrowing costs this year

  80% confidence

• Growth driven by expansion of value concept; roughly 80% of assortment is $5 and below with focus on value at $7, $10, $15

  80% confidence

• K-shaped economy may hold up despite having investors on edge

  80% confidence

• The consumer and competitive environment has grown notably tougher for food retailers

  80% confidence

• Traders pricing in 87% probability of 25 basis point rate cut on Thursday afternoon, down from 90% on Wednesday but up from 83.4% a week ago

  80% confidence

• Sentiment toward food retailers seems to have soured a bit over the past few months, including for Kroger

  80% confidence

• Bond investors told US Treasury they are concerned about Kevin Hassett's potential appointment as Fed chair, worrying he will cut rates aggressively to please Trump

  80% confidence

• Mark Zuckerberg planning to cut up to 30% of Meta's metaverse budget

  80% confidence

• US Treasury solicited feedback on Hassett and other Fed chair candidates in conversations with major Wall Street banks, asset management giants and big debt market players

  80% confidence

• Netflix argued that bundling its offerings with HBO would help lower costs for consumers

  80% confidence

• Some senior bond market participants would have preferred Rick Rieder or Christopher Waller as Fed chair candidates, seen as more independent from Trump than Hassett

  80% confidence

• Traders pricing in 89% probability of Fed rate cut in December

  80% confidence

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