The Trump Stock Market Bump Is Coming Down

The stock market's 'Trump bump' that followed his victory over Vice President Kamala Harris in last week's election appears to be coming to an end.On Friday, the market dropped to its lowest point since the election, with the Dow Jones Industrial Average down more than 300 points, or about 0.7 percentage points. It has dropped more than 800 points, or about 1.9 percent, since peaking on Monday.The Dow Jones average jumped 1,500 points, or about 3.

The Fed has sought to achieve an economic 'soft landing' as the economy recovers from the COVID-19 pandemic, which in 2020 caused a severe economic downturn worldwide. These rate cuts are viewed by economists as a sign that the Fed is optimistic about the country's economic future.Fed officials signaled in September that they anticipated the central bank could cut rates four times in 2025. Wall Street now expects just two Fed rate cuts, according to CME FedWatch.

Indonesia Berita Terbaru, Indonesia Berita utama

Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.

Stock market today: Asian shares gain as China releases plan for market supportAsian shares are higher after China's central bank released plans for supporting stock markets through share repurchases.
Sumber: ksatnews - 🏆 442. / 53 Baca lebih lajut »

Stock market today: Asian shares gain as China releases plan for market supportAsian shares are higher after China's central bank released plans for supporting stock markets through share repurchases.
Sumber: wjxt4 - 🏆 246. / 63 Baca lebih lajut »

Stock Market today: Dow closes at record after 1500-point gain on Trump victoryStock Market today: Dow closes at record after 1500-point gain on Trump victory
Sumber: Investingcom - 🏆 450. / 53 Baca lebih lajut »

What would a Kamala Harris or Donald Trump victory mean for the stock market?The stock market has soared during the presidential campaign. Will it continue?
Sumber: ABC - 🏆 471. / 51 Baca lebih lajut »

What would a Kamala Harris or Donald Trump victory mean for the stock market?The stock market has soared during the presidential campaign. Will it continue?
Sumber: ABC7 - 🏆 67. / 68 Baca lebih lajut »

Billionaire Investor: Stock Market ‘Convinced Trump Is Going to Win’ ElectionSource of breaking news and analysis, insightful commentary and original reporting, curated and written specifically for the new generation of independent and conservative thinkers.
Sumber: BreitbartNews - 🏆 610. / 51 Baca lebih lajut »