US Premarket Brief, Wednesday October 28: FOMC rate decision due; major earnings after the close

Overnight and premarket

As of Oct 27, 20:00 UTC, the SPY ETF was $769.66 and rose 0.56% from the prior close; the QQQ ETF was $721.25 and rose 1.27% from the prior close; the DIA ETF was $523.28 and rose 0.06% from the prior close; the IWM ETF was $280.18 and rose 1.15% from the prior close; the EWG ETF was $41.52 and rose 0.68% from the prior close; the EWU ETF was $47.19 and fell 0.88% from the prior close; the EWJ ETF was $95.25 and rose 1.03% from the prior close; the VIXY ETF was $17.39 and fell 0.97% from the prior close.

As of Oct 28, 12:31 UTC, Bitcoin was $80,822.00 and rose 0.95% over 24 hours; Ether was $2,344.21 and rose 0.97% over 24 hours; Solana was $101.88 and rose 1.59% over 24 hours; XRP was $1.3200 and rose 0.69% over 24 hours.

As of Oct 27, 15:00 UTC, EUR/USD was 1.1150 and fell 0.34% from the prior ECB fixing; USD/JPY was 157.82 and rose 0.24% from the prior ECB fixing; GBP/USD was 1.3328 and fell 0.15% from the prior ECB fixing; USD/CHF was 0.8286 and rose 0.30% from the prior ECB fixing; AUD/USD was 0.7032 and rose 0.11% from the prior ECB fixing.

As of Oct 27, 20:00 UTC, the GLD ETF was $372.28 and rose 1.21% from the prior close; the SLV ETF was $49.16 and rose 1.03% from the prior close; the USO ETF was $163.88 and fell 1.41% from the prior close; the BNO ETF was $69.67 and fell 0.57% from the prior close; the UNG ETF was $9.6400 and rose 0.84% from the prior close; the CPER ETF was $40.05 and rose 1.68% from the prior close.

Today's US calendar

Today’s US calendar will feature the FOMC rate decision, which is scheduled for Wed Oct 28, 18:00 UTC. After the close, several companies are scheduled to report earnings: GOOGL Q3 2026, MSFT Q1 2027, F Q3 2026, TMUS Q3 2026, FDX Q3 2026, CVNA Q3 2026, MUSA Q3 2026 and ORLY Q3 2026.

• Wed Oct 28, 18:00 UTC — FOMC rate decision (US) (source)

Stories to watch

Cnbc.com published a market note on Treasury yields ahead of the Federal Reserve decision. CoinDesk reported Datavault AI said it could not access its Bitcoin holdings. CoinDesk reported Brazil’s largest lender formalized a crypto brokerage under new rules. CoinDesk reported the Kospi rose 7% after SK Hynix earnings. The U.S. Commodity Futures Trading Commission issued a press release on AgCon 2026. CoinDesk ran a piece on historical post-midterm returns for bitcoin and the S&P 500. Reuters reported Qatari mediators presented Iran with a new deal, an official said. CoinDesk reported Securitize added the Stellar blockchain for institutional tokenization. CoinDesk published a policy piece citing Treasury's Bessent on crypto and the dollar. CoinDesk reported Bithumb was hacked through an employee system amid cyberattack reports.

• Treasury yields tick higher ahead of Federal Reserve interest rate decision — cnbc.com, Oct 28, 09:22 UTC
• Bitcoin treasury Datavault AI plunges 50% after firm says it can’t access its BTC — CoinDesk, Oct 28, 05:28 UTC
• Brazil’s largest lender becomes first bank to formalize crypto brokerage under new rules — CoinDesk, Oct 28, 10:07 UTC

What matters next

The FOMC rate decision is scheduled for Wed Oct 28, 18:00 UTC and will be the main market focal point today. In the next days, MSFT Q1 2027 earnings are due after the close on Wed Oct 28, Personal income and outlays / PCE and GDP (BEA) are scheduled for Thu Oct 29, the ECB monetary policy decision is scheduled for Thu Oct 29, 13:15 UTC, the Bank of England rate decision is scheduled for Thu Nov 5, 12:00 UTC, and the U.S. Employment Situation is scheduled for Fri Nov 6, 13:30 UTC.

• Next central-bank decision: Wed Oct 28, 18:00 UTC — FOMC rate decision (US) (source)
• Next high-impact data: Thu Oct 29 (time not confirmed) — Personal income and outlays / PCE (BEA) (US) (source)
• Next major earnings: Wed Oct 28 (time not confirmed) — CWK Q3 2026 earnings · EPS estimate 0.36

Sources and data

• Finnhub (market data) — market data
• CoinGecko (market data) — market data
• European Central Bank (euro reference rates) (primary source) — market data
• U.S. Treasury and Federal Reserve Board via FRED (primary source) — Yields and dollar index
• Federal Reserve (primary source) — calendar
• U.S. Energy Information Administration via FRED (primary source) — calendar
• Bank of England (primary source) — calendar
• U.S. Bureau of Labor Statistics (primary source) — calendar
• cnbc.com (secondary source) — Treasury yields tick higher ahead of Federal Reserve interest rate decision
• CoinDesk (secondary source) — Bitcoin treasury Datavault AI plunges 50% after firm says it can’t access its BTC
• U.S. Commodity Futures Trading Commission (primary source) — ICYMI: Agricultural Leaders and Market Participants Join CFTC Chairman Selig in Overland Park, Kansas for AgCon 2026

Market data as of Oct 28, 12:31 UTC; report generated Oct 28, 12:31 UTC. All times are UTC. Each table row shows its own timestamp and provider.

This report was produced by the MarketAlleys Research Desk using automated data processing and language tools from the sources listed above, and checked against our automated-content validation rules. It is for information only and is not investment advice.