Jabil Inc.

U.S. stocks drifted ahead of the Federal Reserve's interest rate announcement, with the S&P 500 up 0.2%, the Dow Jones rising 0.5%, and AI-related stocks like Jabil, Broadcom, and Applied Materials seeing gains. The market awaits the Fed's decision, which is expected to keep rates unchanged but provide future projections, while a U.S.-Iran agreement on oil prices adds uncertainty about inflation trends.

Jabil Inc. reported fiscal Q3 profit of $275 million, or $2.59 per share, with adjusted earnings of $3.16 per share, exceeding analyst expectations. The company posted $8.75 billion in revenue, also above forecasts, and provided guidance for higher earnings and revenue in the upcoming quarter and full year.