Stock Market Today: Dow finishes above 42,000 for first time in history after Fed's big rate cut
The latest batch of quarterly forecasts from the Federal Reserve showed policy makers have had a change of heart since June about the pace of interest rate cuts in 2024. The latest iteration of the Fed's "dot plot" penciled in two more quarter-point cuts before the end of the year,
Stock market today: Dow, S&P 500, Nasdaq surge as Fed fires up rally
The S&P 500 ( ^GSPC) climbed roughly 1.5%, while the Dow Jones Industrial Average ( ^IXIC) rose more than 1% with both trading near record highs. The tech-heavy Nasdaq Composite ( ^IXIC) led the gains, up 2.7%.
Dollar slips in choppy trading as traders grapple with Fed's giant rate cut
Investor expectations had largely shifted towards a dovish outcome in the days leading up to the Fed's move on Wednesday, with money markets pricing in around a 65% chance of a 50 basis point (bp) cut.
Stock Market Today: Dow scores new record close as expectations grow for jumbo rate cut
U.S. stocks ended mixed on Monday, as traders’ expectations for the Federal Reserve to deliver a 50-basis-point rate cut on Wednesday continued to grow. The Dow Jones Industrial Average went up 228.30 points or 0.
Stock market today: Apple pulls down Nasdaq, while Dow hits record close with Fed rate cut on the horizon
Apple (AAPL): Shares of the tech giant slid more than 2% in morning trading Monday following a burst of analyst reports that suggested early demand for Cupertino's latest smartphone, iPhone 16, is lagging behind the release of last year's model around the same time period.
What impact will the Federal Reserve's rate cut have on stocks?
"The markets were crossing their fingers for a larger cut." The decision by the Fed's policy-setting committee to cut interest rates for the first time since March 2020 was prefaced by an unusual amount of market uncertainty as to how much the central bank would lower its benchmark rate from a two-decade high of 5.
Stock Market Today: Dow futures eye record high after Fed's big rate cut
Medium- to long-term Treasury yields turned higher Thursday morning, after weekly initial jobless claims reached their lowest level in months and one factory gauge reflected improving conditions. The rise in rates was led by the so-called long end of the curve,
European markets close higher after Bank of England holds rates, Fed cuts
European markets closed higher Thursday as investors digested the latest monetary policy decisions from the U.S. Federal Reserve and the Bank of England.
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Dow Jones Futures: Meta, Apple, Tesla Lead New Buys In Big Rally. Pay Attention To This Key Shift.
The Dow Jones and S&P 500 hit new highs and the Nasdaq topped key levels as growth led the day 2 reaction to Fed rate cuts.
Crude oil prices today: WTI is trading at $70.98
The Brent/WTI spread has historically ranged between $4/bbl and $8/bbl, but it can expand or contract based on factors ...
Nifty, Bank Nifty form shooting star on daily chart; consolidation ahead?
Technically, Nifty has formed a Shooting Star-like pattern on daily scale, signalling exhaustion of buying pressure, said ...
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Natural Gas- Will European Prices Impact U.S. Prices During the Peak Season?
Natural gas is a highly volatile energy commodity traded on futures exchanges in the United States and Europe. Futures in the ...
Crude oil prices today: WTI prices are up 0.90% today
WTI futures traded around $70.30 per barrel, as of 9 a.m. ET. That’s an increase of 0.90% in the last 24 hours.
Do You Dot Plot? Understanding How the Fed Forecasts
It’s almost certainly the most closely scrutinized scatter chart in financial markets. Every three months since January 2012, ...
Larry Fink’s private index dream may be holy grail
BlackRock’s status as an asset-management behemoth stems from the success of passive investing, where customers buy an index ...
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Grains End Lower on Weather and Profit Taking: Cattle Futures Fade Better Cash
Live cattle had a disappointing day as the futures set back despite higher cash last week and higher boxed beef values at noon. The December contract again had a technical rejection and, according to ...