The Dow Jones Industrial Average, S&P 500, and Nasdaq are all jumping as Wall Street digests the impact of the Federal Reserve’s 50 basis point rate cut. Chip stocks are leading the way with Nvidia and Advanced Micro Devices both up more than 5% at midday. Another stock in focus is FedEx. The shipping giant is set to release its first quarter results later this afternoon. Other trending tickers on Yahoo Finance include Tesla, Meta Platforms, and PayPal Holdings.

3:05 p.m. ET - Julian Emanuel, Evercore ISI Senior Managing Director Equity, Derivatives and Quantitative Strategy
3:30 p.m. ET - Eric Rosengren, MIT Golub Center Visiting Scholar and Former President and CEO of the Federal Reserve Bank of Boston
3:50 p.m. ET - Jared Bernstein, Chair of the White House Council of Economic Advisers
4:00 p.m. ET - Jim Caron, Morgan Stanley Investment Management Co-CIO of Global Balanced Funds
4:20 p.m. ET - Bill Hornbuckle, MGM Resorts International CEO
4:45 p.m. ET - Frank McCourt, Project Liberty Founder