Nasdaq, stocks close lower after Fed cuts rates by 50bps

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Federal Reserve News

Seana Smith,Market Domination,Jared Blikre

US stocks (^DJI, ^IXIC, ^GSPC) closed lower following the Federal Reserve's decision to cut interest rates by 50 basis points on Wednesday. All three of the ...

closed lower following the Federal Reserve's decisionAnd now it's time for market domination overtime, sponsored by Tasty trade, joined by the JB L to get you up to speed on the action from today's trade.You got the dow closing off just over 100 points giving back some of those earlier gains.The NASDAQ also closing lower off about 3/10 of a percent.We gotta look at this in hr because as you can see right here on the right side of the screen, we certainly saw a lot of volatility.

Actually the only sector closing the day in the green on the flip side, some of the worst performers there yet consumer staples, utilities and technology, the tech sector closing off just about 9/10 of a percent.Let's kick it over to Jared who has a closer look at how stocks tend to trade following a rate cut.

But I think with 50 basis points in the can right now, traders are going to be on heightened alert for any weak economic data. WASHINGTON — The Federal Reserve on Wednesday cut its benchmark interest rate by an unusually large half-point, a dramatic shift after more than two years of high rates that helped tame inflation but also made borrowing painfully expensive for American consumers.SANTA CLARA, Calif., September 18, 2024--Agilent Technologies, Inc. today announced a quarterly dividend of 23.6 cents per share of common stock will be paid on Oct.

 

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