Jim Cramer's Daily Stock Market Watch: Top Stocks and Key Factors

Stock futures fell after the Federal Reserve announced no change in interest rates but forecasted another rate hike later this year; Cisco is acquiring cybersecurity company Splunk for $28 billion; FedEx reported an earnings beat and raise for its fiscal first quarter, with its Express division posting an 18% increase in operating income; JPMorgan reports expanded lead times for all iPhone 15 models due to Apple's reliance on Qualcomm for the modem chip; and Stellantis, General Motors, and Ford Motor are facing a strike by the United Auto Workers union.