These are the top news, trends, and analyses that traders need in order to get started with trading.

U.S. stock futuresThe Federal Reserve will hold a more open Wednesday before the two-day May meeting. This almost certain means that there will be an aggressive move. 50 basis point interest rate hikeTo fight inflation. It would be the third straight session of positive sessions if premarket gains held at close. Dow Jones Industrial AverageThe S&P 500And the NasdaqThis is the first such event since March.

• The Dow Jones Industrial Average rose 0.2% Tuesday. The S&P 500 climbed nearly 0.5%, and the Nasdaq advanced 0.2%.
• Monday, the first trading day of May, saw the S&P 500 hit a new 2022 intraday low before Wall Street rallied and closed higher across the board.
• The Nasdaq experienced its worst month since Oct 2008 for April. The Dow and S&P 500 had their worst since March 2020, the month the Covid pandemicDeclared.

Benchmark 10-year Treasury yieldOn Wednesday ticked higherBut traded below December 2018’s high above 3% at the close of the preceding session. At 2:05 p.m., the Fed’s May Meeting ends. ET, Chairman Jerome PowellHe holds his usual post-meeting news conference thirty minutes later.

• Respondents to this May CNBC Fed SurveyAs it looks to shrink its balance sheet, the central bank will likely raise rates 50 basis points next month. Respondents to the survey also predicted a recession after the Fed’s tightening cycle.
• Markets expect rate hikes at the Fed’s July-September, November, November, and December meetings by at least 25 basis points. This is similar to the March move, which marked the third time that rates have been raised in three years.
• ADP announced Wednesday morning, that U.S.-based companies are being restructured. added a much weaker-than-expected 247,000 jobsIn April, employers struggled to find employees to fill vacant positions. ADP data was not the best indicator of government’s monthly payrolls, but it comes Friday.

LyftShares fell by 25% on Wednesday morning’s premarket. This was just hours after ride-hailing firm RideHailing announced it would. increase spendingTo attract more drivers, forward guidance was not as accurate as analyst expectations. Earnings of 7 cents per Share beat expectations for a loss of 7cents in the first quarter. Also, revenue of $876million exceeded estimates. Lyft had 17.8 million riders during Q1, which was slightly lower than the estimates, and less than the 18.73 million reported in quarter 4.

Shares UberAfter Wednesday’s report by the logistics and rides giant, more than 33% fell in the premarket better-than-expected increase in revenueDuring the first quarter, $6.85 trillion was earned. It said that it will continue to recover from pandemic lows, and not have to make any “significant” investments to retain drivers. Uber’s equity investments were the main reason for its first-quarter net loss, which was $5.9 Billion.

ModernaIn the first quarter of 2018, Covid sold $5.9 Billion in its vaccine. blowing out revenue and profit expectations. Premarket trading saw the company’s share price rise by almost 6%. On Wednesday, the biotech company maintained its $21 billion full-year forecast for Covid vaccine sales. Moderna CEO Stephane Bancel stated that he anticipates stronger sales of vaccines in the second half year, as more government orders are placed to prepare for the fall vaccine campaigns.

Shares CVS HealthThe premarket rose by 1.5% after Wednesday’s report from the benefits management and drugstore giants better-than-expected first-quarterRevenue and earnings. CVS stated that the demand for prescriptions increased as CVS saw an increase in cold, flu, and cough seasons during the first quarter. The results were helped by sales of Covid over-the-counter test kits, although coronavirus vaccines declined and in-store testing also fell. CVS also raised full-year guidance.

Starbucks stock rose around 7% Wednesday morning’s premarket. This was the morning following the company’s fiscal second quarter revenue topped estimates. Matching profit. Starbucks suspends its fiscal 2022 outlook due to China lockdowns, inflation, and investment in its employees and stores. Chinese same-store sales fell by 23%. The U.S. saw an increase in same-store sales of 12%.

Starbucks saidIt will increase wages for tenured workers as well as double the training of new employees, in an effort to fight unionization. Starbucks will not offer workers the increased benefits at 50 cafes owned by the company that voted to unionize. The company stated that such changes in union shops would need to be made through negotiations.

— CNBC’s Samantha Subin, Jesse Pound, Sarah Min, Vicky McKeever, Patti Domm Steve Liesman, Jessica Bursztynsky, Spencer Kimball, Melissa Repko and Amelia Lucas contributed to this report.

— Sign up now for the CNBC Investing Club to follow Jim Cramer’s every stock move. You can follow the market like a professional. CNBC Pro.