US stocks fell on Thursday as weak economic data trickled in, despite better than expected Meta results and hints from the Federal Reserve of a September rate cut. The S&P 500 fell almost 1%, while the tech-heavy Nasdaq Composite erased earlier gains to drop more than 1% after closing Wednesday with hefty gains. The Dow Jones Industrial Average dropped almost 500 points, or 1.3%. The 10-year Treasury yield moved below the 4% level for the first time since February, hovering near 3.98%.
Stocks initially moved higher after Fed chair Jerome Powell bolstered the market's confidence in a September interest-rate cut, saying it "could be on the table." Traders mostly expect a 25-basis-point reduction, but bumped up bets on a 50-basis-point move after policymakers held rates steady.
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Stock market news today: S&P 500, Nasdaq climb as Fed delivers and Meta jumpsStrong Meta results are keeping bullish tech hopes aloft after the Fed cemented bets on a September rate cut.
منبع: YahooFinanceCA - 🏆 47. / 63 ادامه مطلب »
Stock market news today: S&P 500, Nasdaq futures climb as Fed delivers and Meta jumpsStrong Meta results are keeping bullish tech hopes aloft after the Fed cemented bets on a September rate cut.
منبع: YahooFinanceCA - 🏆 47. / 63 ادامه مطلب »
Markets today: Stocks rise on Fed-friendly data as Meta jumps 10%Stocks rose after the latest economic figures signaled further cooling that will be key for the U.S. Federal Reserve to cut interest rates.
منبع: BNNBloomberg - 🏆 83. / 50 ادامه مطلب »
Stock market news today: Stocks rally after Fed decision, Nvidia surgesA tech revival is helping lift stocks, as investors digest the Federal Reserve's decision to hold interest rates steady.
منبع: YahooFinanceCA - 🏆 47. / 63 ادامه مطلب »
Stock market news today: Stocks rally before Fed decision as Nvidia surgesA tech revival is helping lift stocks, with the Federal Reserve's rate decision on deck.
منبع: YahooFinanceCA - 🏆 47. / 63 ادامه مطلب »
Stock market news today: Stocks rally before Fed as Nvidia surges 7%A tech revival is helping lift stocks, with the Federal Reserve's rate decision on deck.
منبع: YahooFinanceCA - 🏆 47. / 63 ادامه مطلب »