Stocks experienced a notable resurgence, marking a second consecutive day of gains. As investors anticipate upcoming economic indicators, attention is especially focused on the Producer Price Index (PPI), scheduled for release on Wednesday morning at 8:30 a.m. ET. The data, which offers insights into inflation trends, will be covered live on CNBC’s “Squawk Box” with hosts Becky Quick and Andrew Ross Sorkin. Analysts forecast a 0.3% increase in the PPI for February.
Later in the day, monetary policy will take center stage as Federal Reserve Chairman Jerome Powell and the Fed will announce their interest rate decision at 2 p.m. This will be followed by a press conference where Powell is expected to discuss the Fed’s outlook on the economy. Current yields show the U.S. 10-year Treasury note at 4.206%, while the 2-year Treasury yield stands at 3.682%. The 3-month Treasury bill yield is slightly higher at 3.696%. In the corporate bond market, various ETFs are offering enticing dividend yields: Fidelity Corporate Bond ETF (FCOR) at 4.49%, iShares 0-5 Year High Yield Corporate Bond ETF (SHYG) at 7.07%, State Street SPDR Bloomberg High Yield Bond ETF (JNK) at 6.64%, and iShares iBoxx High Yield Corporate Bond ETF (HYG) at 5.85%.
On the corporate front, General Mills, the company known for its iconic brands such as Betty Crocker and Cheerios, is set to unveil its quarterly earnings in the morning. The stock has faced challenges, down 38% from its April 2025 peak and 20% over the past three months. Investors are particularly eager for the anticipated dividend of 61 cents per share, yielding 6.3%.
Additionally, Micron Technology is expected to take the spotlight after market close, with earnings reported during “Closing Bell: Overtime” featuring hosts Melissa Lee and Mike Santoli. Micron shares have demonstrated significant growth, with nearly a 105% increase over the last three months, making it the standout performer in the VanEck Semiconductor ETF (SMH).
In the realm of entertainment, Disney begins a new chapter under its incoming CEO, Josh D’Amaro. CNBC’s Julia Boorstin will provide insights into what lies ahead for the media giant, which currently sees its shares down 20% since their peak in June. Meanwhile, Netflix is preparing to unveil its upcoming content slate in the afternoon, though its stock has taken a hit, down approximately 30% from its June highs.
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