NYSE Pre-Market Update: Stocks Mixed Ahead of Fed Decision, StubHub Celebrates IPO

Strategic Insights -

As the stock market prepares for a highly anticipated decision on interest rates, stocks are mixed this morning on the New York Stock Exchange (NYSE). The Federal Reserve's decision on interest rates is widely expected to be announced later today at 2 PM ET, with traders pricing in a more than 95% chance of a 25-basis point cut to a range of 4.25%. Meanwhile, online ticket marketplace StubHub is celebrating its initial public offering (IPO), which priced at $23.50 per share and valued the company at $8.6 billion.

Key Takeaways:

  • Stocks on the NYSE are mixed ahead of the Federal Reserve's decision on interest rates.
  • Traders are pricing in a more than 95% chance of a 25-basis point cut in interest rates to a range of 4.25%.
  • This would mark the Fed's first interest rate cut since December 2024.
  • StubHub, an online ticket marketplace, has completed its IPO, pricing at $23.50 per share and valuing the company at $8.6 billion.
  • The company will begin trading under the ticker symbol STUB.
  • The opening bell on the NYSE celebrated StubHub's IPO.
  • The closing bell on the NYSE celebrated the 2025 Garmin Health Summit.

Statistics:

  • Stocks on the NYSE are down by 0.5% ahead of the Fed decision.
  • Traders are pricing in a 96.7% chance of a 25-basis point cut in interest rates to a range of 4.25%.
  • The Federal Reserve's last interest rate cut was in December 2024.
  • StubHub's IPO priced at $23.50 per share, valuing the company at $8.6 billion.
  • The company held its IPO on September 17, 2025.

Sources:

  • New York Stock Exchange (NYSE) Pre-Market Update, September 17, 2025.
  • New York Stock Exchange, "NYSE Pre-Market Update."