Canada stocks higher at close of trade; S&P/TSX Composite up 0.26%

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• Here are five key takeaways from the Fed rate decision and Warsh news conference

  Central bank officials opted to hold benchmark borrowing costs steady to evaluate incoming economic data, navigating notable internal dissent within the Federal Open Market Committee. Chairman Kevin Warsh also outlined future structural shifts, including plans to reduce the annual number of policy meetings that feature interest rate votes. These moves reflect an evolving operational strategy alongside patience in reaching targeted price stability.

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• Mexico stocks lower at close of trade; S&P/BMV IPC down 0.76%

  Trading concluded in negative territory as the main benchmark lost ground during the session. The downward movement reflects selling pressure across the local exchange. Market participants observed weaker performance that capped trading activity on a downbeat note.

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• ServiceNow reports Q3 subscription revenue up 21% YoY to $3.99B, forecasts Q4 current remaining performance obligations below est.; NOW drops 15%+ after hours (Brody Ford/Bloomberg)

  Disappointing forward guidance triggered a sharp selloff for the enterprise software maker despite solid top-line expansion in the preceding period. Markets reacted negatively to indicators of softening future contract value, overshadowing the company's operational gains. Investors weighed the projected slowdown against broader expectations for the enterprise software sector.

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