Fed decision at 2 p.m. ET, then Alphabet and Microsoft earnings
Published . Updated .
The Fed is expected to hold rates at 3.75% to 4% at 2 p.m. ET, and Alphabet and Microsoft report after the close
Directly affected
Indirectly affected
- TLT iShares 20+ Year Treasury Bond ETF-1.8% 30d
iShares 20+ Year Treasury Bond ETF: Treasury bond prices move with interest-rate expectations. Linked by “fed” (US interest rates) in this story.
- IEF iShares 7-10 Year Treasury Bond ETF-0.9% 30d
iShares 7-10 Year Treasury Bond ETF: Treasury bond prices move with interest-rate expectations. Linked by “fed” (US interest rates) in this story.
- JPM JPMorgan Chase-2.8% 30d
JPMorgan Chase (national commercial banks): rate changes move lenders' margins and borrowers' demand. Linked by “fed” (US interest rates) in this story.
- BAC Bank of America-12.5% 30d
Bank of America (national commercial banks): rate changes move lenders' margins and borrowers' demand. Linked by “fed” (US interest rates) in this story.
- DHI D.R. Horton+2.5% 30d
D.R. Horton (operative builders): rate changes move lenders' margins and borrowers' demand. Linked by “fed” (US interest rates) in this story.
- SCHW The Charles Schwab
The Charles Schwab (security brokers, dealers and flotation companies): rate changes move lenders' margins and borrowers' demand. Linked by “fed” (US interest rates) in this story.
Price reaction, T-5 to T+3
| Ticker | T-5 | T-3 | T-1 | T0 | T+1 | T+2 | T+3 |
|---|---|---|---|---|---|---|---|
| GOOGLNo price data for this ticker | — | — | — | — | — | — | — |
| MSFT | +0.23% | -1.36% | base | +0.12% | -1.21% | after close | after close |
| TLT | -1.71% | -0.37% | base | -0.77% | -0.10% | after close | after close |
| IEF | -0.94% | -0.05% | base | -0.30% | +0.18% | after close | after close |
| JPM | -0.20% | -1.26% | base | +1.03% | +2.67% | after close | after close |
| BAC | +0.28% | -0.24% | base | +0.41% | +2.26% | after close | after close |
| DHI | -5.48% | +0.28% | base | -2.79% | -1.43% | after close | after close |
| SCHW | +2.61% | +1.45% | base | -0.50% | +0.43% | after close | after close |
Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.
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Fed decision at 2 p.m. ET, then Alphabet and Microsoft earnings Quartz
Source: Quartz
The price since 28 Oct 2026: Ishares Tr (TLT) versus the S&P 500
| Company | When | Move | Status |
|---|---|---|---|
| Bank Of America (BAC) | that day | +0.41% | final price |
| Bank Of America (BAC) | the next day | +2.26% | still updating |
| Bank Of America (BAC) | three days earlier | -0.24% | final price |
| Bank Of America (BAC) | five days earlier | +0.28% | final price |
| Horton D R (DHI) | that day | -2.79% | final price |
| Horton D R (DHI) | the next day | -1.43% | still updating |
| Horton D R (DHI) | three days earlier | +0.28% | final price |
| Horton D R (DHI) | five days earlier | -5.48% | final price |
| Ishares Tr (IEF) | that day | -0.30% | final price |
| Ishares Tr (IEF) | the next day | +0.18% | still updating |
| Ishares Tr (IEF) | three days earlier | -0.05% | final price |
| Ishares Tr (IEF) | five days earlier | -0.94% | final price |
| Jpmorgan Chase (JPM) | that day | +1.03% | final price |
| Jpmorgan Chase (JPM) | the next day | +2.67% | still updating |
| Jpmorgan Chase (JPM) | three days earlier | -1.26% | final price |
| Jpmorgan Chase (JPM) | five days earlier | -0.20% | final price |
| MSFT | that day | +0.12% | final price |
| MSFT | the next day | -1.21% | still updating |
| MSFT | three days earlier | -1.36% | final price |
| MSFT | five days earlier | +0.23% | final price |
| Schwab Charles (SCHW) | that day | -0.50% | final price |
| Schwab Charles (SCHW) | the next day | +0.43% | still updating |
| Schwab Charles (SCHW) | three days earlier | +1.45% | final price |
| Schwab Charles (SCHW) | five days earlier | +2.61% | final price |
| Ishares Tr (TLT) | that day | -0.77% | final price |
| Ishares Tr (TLT) | the next day | -0.10% | still updating |
| Ishares Tr (TLT) | three days earlier | -0.37% | final price |
| Ishares Tr (TLT) | five days earlier | -1.71% | final price |
Congressional trades in the stocks in this story
- Rep. Pete Sessions sold Alphabet (GOOGL), worth $15,001 - $50,000 on 14 Sep 2026. That is 44 days before publication. Filed 18 Sep 2026. View the filing.
- Rep. Rohit Khanna sold Alphabet (GOOGL) (held by a spouse), worth $1,001 - $15,000 on 4 Sep 2026. That is 54 days before publication. Filed 7 Oct 2026. View the filing.
- Rep. Thomas H. Kean Jr sold Alphabet (GOOGL), worth $1,001 - $15,000 on 27 Aug 2026. That is 62 days before publication. Filed 12 Sep 2026. View the filing.
- Rep. Lisa McClain bought Microsoft (MSFT) (held by a spouse), worth $1,001 - $15,000 on 30 Sep 2026. That is 28 days before publication. Filed 12 Oct 2026. View the filing.
- Rep. Michael Rulli sold Microsoft (MSFT), worth $1,001 - $15,000 on 28 Sep 2026. That is 30 days before publication. Filed 2 Oct 2026. View the filing.
- Rep. Maria Elvira Salazar sold Microsoft (MSFT), worth $1,001 - $15,000 on 24 Sep 2026. That is 34 days before publication. Filed 7 Oct 2026. View the filing.
- Sen. John Boozman bought Ishares Tr (IEF) (jointly held), worth $1,001 - $15,000 on 9 Sep 2026. That is 49 days before publication. Filed 21 Oct 2026. View the filing.
- Sen. Sheldon Whitehouse sold Jpmorgan Chase (JPM) (held by a spouse), worth $15,001 - $50,000 on 4 Sep 2026. That is 54 days before publication. Filed 1 Oct 2026. View the filing.
- Sen. Sheldon Whitehouse sold Jpmorgan Chase (JPM), worth $15,001 - $50,000 on 4 Sep 2026. That is 54 days before publication. Filed 1 Oct 2026. View the filing.
- Rep. Rohit Khanna bought Jpmorgan Chase (JPM) (held by a spouse), worth $100,001 - $250,000 on 27 Aug 2026. That is 62 days before publication. Filed 4 Sep 2026. View the filing.
- Rep. Rohit Khanna sold Bank Of America (BAC) (held by a spouse), worth $1,001 - $15,000 on 9 Sep 2026. That is 49 days before publication. Filed 7 Oct 2026. View the filing.
- Rep. Laurel Lee sold Bank Of America (BAC) (held by a spouse), worth $50,001 - $100,000 on 24 Aug 2026. That is 65 days before publication. Filed 16 Oct 2026. View the filing.
Public disclosure filings, not a recommendation. The filing link is the source document. News use of these reports still sits under 5 U.S.C. § 13107(c).
Who gains and who loses around Ishares Tr (TLT)
Companies mentioned with this story
- TLT Ishares Tr
Ishares Tr (TLT) is linked, with no stored direction, medium confidence in the 28 Oct 2026 story “Fed decision at 2 p.m. ET, then Alphabet and Microsoft earnings.” Reason on file: iShares 20+ Year Treasury Bond ETF: Treasury bond prices move with interest-rate expectations. Linked by “fed” (US interest rates) in this story
- IEF Ishares Tr
Ishares Tr (IEF) is linked, with no stored direction, medium confidence in the 28 Oct 2026 story “Fed decision at 2 p.m. ET, then Alphabet and Microsoft earnings.” Reason on file: iShares 7-10 Year Treasury Bond ETF: Treasury bond prices move with interest-rate expectations. Linked by “fed” (US interest rates) in this story
- JPM Jpmorgan Chase
In “Fed decision at 2 p.m. ET, then Alphabet and Microsoft earnings,” Jpmorgan Chase (JPM) is linked, with no stored direction, medium confidence. Reason on file: JPMorgan Chase (national commercial banks): rate changes move lenders' margins and borrowers' demand. Linked by “fed” (US interest rates) in this story
- BAC Bank Of America
Bank Of America (BAC) is linked, with no stored direction, medium confidence in the 28 Oct 2026 story “Fed decision at 2 p.m. ET, then Alphabet and Microsoft earnings.” Reason on file: Bank of America (national commercial banks): rate changes move lenders' margins and borrowers' demand. Linked by “fed” (US interest rates) in this story
- DHI Horton D R
For “Fed decision at 2 p.m. ET, then Alphabet and Microsoft earnings,” Horton D R (DHI) is linked, with no stored direction, medium confidence. Reason on file: D.R. Horton (operative builders): rate changes move lenders' margins and borrowers' demand. Linked by “fed” (US interest rates) in this story
- SCHW Schwab Charles
For “Fed decision at 2 p.m. ET, then Alphabet and Microsoft earnings,” Schwab Charles (SCHW) is linked, with no stored direction, medium confidence. Reason on file: The Charles Schwab (security brokers, dealers and flotation companies): rate changes move lenders' margins and borrowers' demand. Linked by “fed” (US interest rates) in this story
Ishares Tr (TLT)
The 28 Oct 2026 story “Fed decision at 2 p.m. ET, then Alphabet and Microsoft earnings” names Ishares Tr (TLT) because of this story.
The link for Ishares Tr (TLT) is this: iShares 20+ Year Treasury Bond ETF: Treasury bond prices move with interest-rate expectations. Linked by “fed” (US interest rates) in this story
A second company, Ishares Tr (IEF), is listed for a different reason: iShares 7-10 Year Treasury Bond ETF: Treasury bond prices move with interest-rate expectations. Linked by “fed” (US interest rates) in this story
Dates and price levels for Ishares Tr (TLT)
IEF traded between 88.64 and 91.23 across 20 sessions. The latest close on file is 90.08. JPM traded between 325.12 and 344.37 across 20 sessions. The latest close on file is 339.46. TLT traded between 76.44 and 81.94 across 20 sessions. The latest close on file is 79.46.
A simple score for Ishares Tr (TLT)
46 out of 100Price not final
“Fed decision at 2 p.m. ET, then Alphabet and Microsoft earnings” scores 46 out of 100. The score uses 1 sources, and 6 linked companies. The price is not final yet.