The latest Market Talks covering Equities. Published exclusively on Dow Jones Newswires throughout the day.

2058 ET - U.S. interest rates are likely to remain elevated going into 2027, says J.P. Morgan Asset Management's Tai Hui in a note. While forecasts from Federal Open Market Committee members didn't change much at the Federal Reserve's September meeting, the updated median projection implies one more increase by the year-end, says the strategist. The Fed remaining hawkish going into 2027 could prompt investors to reassess asset valuations, particularly those of relatively expensive technology stocks that could be sensitive to interest-rate movements, he says. A catalyst to extend the equity bull market therefore looks unlikely in the foreseeable future, he says. Still, the possibility of the U.S. policy rate returning to above 5.0% remains limited, he adds. (megan.cheah@wsj.com)

2015 ET - Japanese stocks are higher, supported by bargain-hunting, as recent rising momentum in crude oil eases. Pharmaceutical and machinery stocks are leading gains. Eisai is up 2.4% and Mitsubishi Heavy Industries is 3.2% higher. The dollar is at 155.87 yen, up from Y155.10 as of Wednesday's Tokyo stock market close, following the Fed's rate increase overnight. Investors are focusing on bond yields and crude oil prices. The Nikkei Stock Average is up 1.0% at 64548.75. (kosaku.narioka@wsj.com; @kosakunarioka)

1944 ET - Japanese stocks may be supported by bargain-hunting following their recent declines. Nikkei futures are up 0.7% at 64305 on the SGX. Investors may remain cautious ahead of the Bank of Japan's two-day policy meeting starting Thursday. The dollar is at 156.14 yen, up from Y155.10 as of Wednesday's Tokyo stock market close, following the Fed's rate increase overnight. Investors are focusing on bond yields and crude oil prices. The Nikkei Stock Average rose 0.7% to 63923.00 on Wednesday. (kosaku.narioka@wsj.com)

1847 ET - Australian stocks look set to drop at the open after the U.S. Federal Reserve raised interest rates for the first time since 2023. Local equity futures are down by 0.8% ahead of Thursday's session, suggesting that the S&P/ASX 200 will follow U.S. indices lower amid growing expectations that the Fed will raise rates at least once more in 2026. The DJIA fell 1.2%, the S&P 500 lost 0.5%, and the Nasdaq Composite edged less than 0.1% lower. The ASX 200 is coming off a 0.3% rise but the benchmark index is still down by 4.2% so far this month as investors prepare for higher rates at home and overseas. Flight Centre and South32 are among Australian stocks set to trade ex-dividend. (stuart.condie@wsj.com)

1703 ET - Boeing's production ramp of 737 MAX aircraft is "taking us a little bit longer than what I had anticipated," CEO Kelly Ortberg says at the Morgan Stanley Laguna Industrials Conference. "The area we're constrained right now is in our wings production," he says, adding that Boeing has plans to address the bottleneck. The company has hit its goal of producing 47 of the aircraft a month, but is working on stabilizing at that rate before moving on to a more ambitious target of 52 a month, Ortberg says. He adds that the production for 787 aircraft has taken longer than hoped, as engine delivery has bottlenecked deliveries. Boeing shares closed down 3.7% at $201.96. (elias.schisgall@wsj.com)

1621 ET - A higher federal funds rate today is the medicine that the housing market needs to recover tomorrow, Zillow's Mischa Fisher says in a note. Mortgage rates are more likely to come down next year if the market has greater confidence that inflation is getting under control, Fisher says. Unfortunately, it will still be a tough end of the year for home sales until then, she says. The recent run-up in rates is hitting an already slow housing market, where sales volume has started to decline year-over-year from an already low baseline, Fisher says. (dean.seal@wsj.com)

1528 ET - Q/C Technologies shares mostly rebounded from a 67% drop Monday and a 52-week low Tuesday, more than doubling late Wednesday. The optical-computing company late Friday disclosed that consulting agreements with an entity affiliated with Martin Shkreli and with OpenAI scientist Chelsea Voss were mutually terminated. Voss also resigned from the board. Earlier Wednesday, adviser James Altucher posted on X about the company's AI-powered platform for chip design, which coincided with an intraday peak in the company's share price. Shares were recently at $1.06, up 139%, amid very volatile trading and still below Friday's close of $1.71. (josh.beckerman@wsj.com)

1512 ET - Cryptocurrencies are roughly flat on a 24-hour trailing basis after the Federal Reserve raised rates as expected. Sector leader Bitcoin is slightly higher than where it was 24 hours earlier, and half a percentage point higher than where it was this morning, according to data from CoinGlass. Other top coins are in the green as well. The market took a tumble on Tuesday after the Senate blocked an industry-friendly bill, setting up Wednesday's rate decision as the next big driver of price action. While higher interest rates make risky assets like crypto less attractive, the broader market seems to have priced in a rate hike, and a rate hold wouldn't have done much to loosen the tight backdrop that Bitcoin is currently facing, analysts at Glassnode say in a report. (dean.seal@wsj.com)

1431 ET - The failure of the crypto-friendly Clarity Act in Congress removes a positive catalyst for the crypto space but doesn't create any kind of new regulatory shock, Morgan Stanley analysts say in a research note. Regulation of digital assets in the U.S. has already moved materially over the past year, reducing the enforcement risks that historically constrained product development and institutional participation, the analysts say. While the failed vote may hurt near-term sentiment around crypto investing, the industry itself seemed prepared for it, given that prediction market odds for the vote passing had fallen by the time the vote was held, they say. "Disappointment largely priced in," the analysts say. (dean.seal@wsj.com)

1353 ET - Mattel's 3Q sales were hurt last year by industry-wide shifts in ordering patterns, as retailers more cautiously managed their inventories amid macroeconomic and trade uncertainty. This year, though, ordering trends seem to have stabilized, Mattel CFO Paul Ruh says at the Goldman Sachs Global Consumer and Retail Conference. Sales may be a bit more concentrated toward the back half of the year, Ruh says, but recent activations and a strong slate of upcoming movie releases give the toymaker confidence to achieve its full-year outlook. On the bottom line, higher costs for commodities, packaging materials, labor and fuel pose a headwind, Ruh says. But those are being offset by favorable foreign exchange rates and lower-than-expected tariff costs, he adds. (connor.hart@wsj.com)

1352 ET - United Airlines CFO Mike Leskinen says premium is the priority across the travel industry. He says at a Morgan Stanley conference that hotels, cruise lines and car service providers are all jumping on the premium trend that started with airlines increasing their higher-class seating capacity. Premium has higher margins for the companies, and it plays on consumers' increasing interest in experiences, Leskinen says. He believes travelers now prioritize experiences over products, so they are willing to pay more. (katherine.hamilton@wsj.com)

1350 ET - United Airlines says its customers have remained resilient despite higher fare prices. United flyers have disposable income and want to spend on experiences, even as prices rise due to higher fuel costs, CFO Mike Leskinen says during a Morgan Stanley conference. Demand has stayed strong in 3Q and bookings are strong for 4Q, though there is a little weakness among lower-income consumers, Leskinen says. "If you squint at some of the lower-priced tickets, you might be able to find something there," he says, but Premium tickets are "humming along very nicely."