|Day's Range||26,899.15 - 27,161.93|
|52 Week Range||21,712.53 - 27,398.68|
Fed Chairman Jerome Powell faces the tough task of corralling a committee dividing further on where rates should go next.
The Federal Reserve will announce its next moves on rates this afternoon. Wall Street is expecting a 25 basis point cut.
The Fed 2-day meeting wraps today with an expected rate cut announcement from Jay Powell. Yahoo Finance's Julie Hyman, Adam Shapiro, Krishna Memani, Invesco Vice Chair of Investments and Danielle DiMartino Booth, Quill Intelligence CEO and Chief Strategist discuss.
Movements in oil prices can affect the broader stock market if the U.S. dollar significantly fluctuates. That’s the assessment from David Bahnsen, founder of The Bahnsen Group, with $2 billion in assets under management.
The U.S. current-account deficit, a measure of the nation's debt to other countries, narrowed by 5.9% in the second quarter, the government said Thursday. The current-account deficit narrowed to $128.2 billion from a revised $136.2 billion in the first quarter. The narrowing of the deficit primarily reflected an expanded surplus of primary income, mostly increases in portfolio investments. The current account deficit was equal to 2.4% of GDP in the second quarter, down from 2.6% in the first quarter. This is well below the peak of 6.3% in 2005.
Dow futures: The stock market rally held up after a Fed rate cut and Fed chief Jerome Powell's comments. Apple is a buy again. Microsoft rose late on a buyback. Will AT&T; sell DirecTV?
U.S. stocks on Thursday are poised to slip as Wall Street digests the second successive interest rate cut of 2019 by the Federal Reserve that is intended to forestall sluggish global economic growth and harmful trade clashes. However, the central bank failed to signal a commitment to further interest-rate reductions.
We’ve been watching the markets today and over the past few days after the Saudi Arabia attack and are surprised with the real lack of volatility in the US major markets – excluding the incredible move higher, then lower in Oil. The real news appears to be something completely different than Oil right now. Might it be the Fed Meeting?
All three major indexes rebounded by Wednesday’s close after initially diving after the Federal Reserve’s 25-basis-points rate cut. The Fed didn’t loosen monetary policy. The Dow Jones Industrial Average and S&P 500 managed to close with some gains.
Broker-dealers, hedge funds and other institutional investors who don’t keep cash on hand for every position they hold are the most vulnerable to this week’s hiccups in the overnight repo market.
The Dow Jones Industrial Average Index rose 36.28 points for a 0.13% increase today. The S&P; 500 Index gained 0.07% while tech ETFs mirrored that increase.
Utility stocks rise when yields fall. Banks stocks gain when they rise. They finished as the stock market's top two sectors after the Fed meeting, which really isn’t supposed to happen.
There had been some concern before the meeting that the Fed might not lower interest rates. But the Fed cut rates by a quarter point, and nothing else. Donald Trump is not happy.
The S&P 500 and the Dow reversed losses to close higher on Wednesday and U.S. Treasury yields slipped after remarks by Federal Reserve Chair Jerome Powell tempered the market's initial reaction to the U.S. central bank's policy statement. All three major U.S. stock indexes initially extended earlier losses following the release of the Fed's policy decision after the close of a two-day meeting, which dimmed hopes for further rate cuts and fell short of the more aggressive reduction in borrowing costs that President Donald Trump had demanded.
President Donald Trump ripped the Federal Reserve after the central bank cut interest rates by a quarter point Wednesday, as he ordered more sanctions on Iran and named a new national security adviser.
U.S. stocks ended Wednesday flat to higher, after the Federal Reserve announced it would cut its benchmark federal funds rate a quarter percentage point, in line with market expectations, but called into question whether there will be another rate cut this year or next.
U.S. stock indexes on Wednesday finished mostly higher--even if only slightly so--after the Federal Reserve cut benchmark rates, as expected. The Dow Jones Industrial Average closed up 36 points, or 0.1%, to 27,147, but had been down by as many as 211.65 points at session lows. Meanwhile, the S&P 500 index added about a point, or less than 0.1%, to end at at 3,006.73. The Nasdaq Composite index edged 9 points, or 1%, lower to 8,177. The rate-setting Federal Open Market Committee cut rates by one quarter of a percentage point to a range of 1.75%-2%, in a 7-3 vote. Stocks initially took a leg lower but began to pare losses as Fed Chairman Jerome Powell explained the rate decision in a press conference at 2:30 p.m. Eastern, about a half-hour after the release of the central bank's policy statement. Voting against the action were St. Louis Fed President James Bullard, who preferred to lower the target range for the federal-funds rate to 1.50% to 1.75%. Kansas City Fed President Esther George and Boston Fed President Eric Rosengren both preferred to maintain the target range at 2% to 2.25%."Bottom line, there is now a likelihood that as of today, this might be the last rate cut of the year as the 'mid course adjustment' process continues but could be done. So call this a hawkish cut," wrote Peter Boockvar, chief investment officer at Bleakley Advisory Group, in a research note after the Fed decision. The 10-year Treasury yield climbed after the Fed decision, with the rate rising to 1.79%, helping to deliver a lift to the banking sector, which tends to benefit from higher yields, even though the Fed cut rates. The Financial Select Sector SPDR ETF finished the session with a 0.4%, and shares of Goldman Sachs Group Inc. and those for JPMorgan Chase & Co. led gains for the blue-chip Dow.
U.S. stocks extended their losses and the U.S. Treasury yield curve flattened on Wednesday, after the U.S. Federal Reserve cut interest rates, as expected, but gave mixed signals regarding future rate moves. All three major U.S. stock indexes fell in choppy trading, and the spread between 2-year and 10-year U.S. Treasuries flattened to 3 basis points. At a news conference following the policy decision, Fed Chair Jerome Powell said rates were lowered to keep the economy strong and provide insurance against risk, adding that the Fed is closely monitoring economic data, trade and global growth risks.
DOW UPDATE Dragged down by negative returns for shares of Dow Inc. and Walgreens Boots, the Dow Jones Industrial Average is declining Wednesday afternoon. The Dow (DJIA) was most recently trading 79 points, or 0.