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Market Data Table

Breakfast News: Fed Split Hits Markets

December 11, 2025

Wednesday's Markets
S&P 500 6,887 (+0.67%)
Nasdaq 23,654 (+0.33%)
Dow 48,058 (+1.05%)
Bitcoin $92,507 (-0.69%)

1) Fed Fracture Triggers Futures, BTC Fall

S&P 500 futures fell 0.75% -- and Nasdaq futures over 1% -- this morning as investors digested the growing dissent within the Federal Reserve regarding future policy actions, with a divided 9-3 vote to cut by 0.25% being described by Chair Jerome Powell as a "close call." Sentiment soured across the board, with Bitcoin (CRYPTO:BTC) over 2% lower in early trading, at one point dipping below $90,000.

"You've got one tool, you can't do two things at once. It's a very challenging situation": Powell noted the difficulty in setting policy to boost employment while moderating inflation, which is where some disagreement came from, with three dissenting votes for the first time since September 2019.
Market still pricing two rate cuts for 2026: The median dot plot forecast indicates just one cut for next year, whereas interest rate futures predict two, showing a difference in thinking between investors and Fed members.

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2) ORCL & ADBE Drop, SNPS Rises Pre-Market

Oracle (NYSE:ORCL) fell over 10% ahead of the market open after results showed capex spend rising to $50 billion for the full year, stoking concerns around the cost and time needed to monetize artificial intelligence (AI).

"Rapid adoption of our AI-driven tools": Stock Advisor recommendation Adobe (NASDAQ:ADBE) moved around 1% lower in pre-market trading due to lukewarm quarterly results, despite CEO Shantanu Narayen pushing the importance of the growing AI ecosystem.
"A solid finish to a year that redefined our company": Synopsys (NASDAQ:SNPS) rose a little over 2% before the opening bell thanks to both revenue and earnings beating expectations, as CEO Sassine Ghazi said it was back as the leader in engineering solutions. The stock is lagging the S&P 500 by 42% since August 2024's Hidden Gems rec.

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3) Earnings Updates for Dividend Investor Recs

Oxford Industries (NYSE:OXM) was down more than 20% in early trading, as the third-quarter adjusted loss per share increased and full-year guidance was lowered, on a softer start to the holiday season.

"Consumers have become increasingly choiceful": CEO Tom Chubb assigned some of the slowdown to people cutting back on discretionary spending, along with "a more promotional retail environment" being observed.
Passholders now make up 75% of visits to the company's resorts: Vail Resorts (NYSE:MTN) stock was little changed ahead of the opening bell despite releasing results with a larger loss than anticipated, as the business sold fewer passes heading into peak ski season.

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4) Post-Market Results for COST, LULU & AVGO

As mentioned in Monday's Breakfast News, Costco (NASDAQ:COST) will report results following the closing bell, with investors expecting to see revenue growth via an increase in same-store sales, building on last quarter.

"This is one of the few legacy brands in fashion that has staying power and has proved that": Last month, Fool contributing analyst Jason Hall spoke regarding Lululemon (NASDAQ:LULU), as the stock also gears up to release earnings after the market closes. He noted, "I think the business is in better shape than maybe the perception of the business is."
Only missing revenue expectations once in the past two years: Rule Breakers rec Broadcom (NASDAQ:AVGO) puts out quarterly results in post-market trading, too, with growth in hyperscaler customers a focus area after strong gains in the previous quarter.

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5) Your Take

Which, if any, positions have you sold all or some of from your portfolio in the last month, and why? Share with friends and family, or become a member to hear what your fellow Fools are saying.

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