US Stocks Dive on Fed's Rate Cut Hints

WASHINGTON, DC - NOVEMBER 07: Federal Reserve Bank Chair Jerome Powell speaks at a news conference at the Federal Reserves William McChesney Martin building on November 7, 2024 in Washington, DC. NEW YORK — U.S. stocks tumbled to one of their worst days of the year after the Federal Reserve hinted Wednesday itThe S&P 500 fell 2.9%, just shy of its biggest loss for the year, to pull further from itsset a couple weeks ago. The Dow Jones Industrial Average lost 1,123 points, or 2.

While lower rates can goose the economy by making it cheaper to borrow and boosting prices for investments, they can also offer more fuel for inflation.Powell said some Fed officials, but not all, are also already trying to incorporate uncertainties inherent in a new administration coming into the White House. Worries are rising on Wall Street that“When the path is uncertain, you go a little slower,” Powell said.

On Wall Street, stocks of companies that can feel the most pressure from higher interest rates fell to some of the worst losses.Stocks of smaller companies did particularly poorly, for example. Many need to borrow to fuel their growth, meaning they can feel more pain when having to pay higher interest rates for loans. The Russell 2000 index of small-cap stocks tumbled 4.4%.

대한민국 최근 뉴스, 대한민국 헤드 라인

Similar News:다른 뉴스 소스에서 수집한 이와 유사한 뉴스 기사를 읽을 수도 있습니다.

U.S. Stocks Dive as Fed Signals Fewer Rate Cuts in 2025Stocks tumbled after the Federal Reserve indicated a slower pace of rate cuts in 2025, disappointing investors who had anticipated further stimulus for the economy.
출처: CP24 - 🏆 30. / 67 더 많은 것을 읽으십시오 »

US Stocks Dive on Fed's Signals of Fewer Rate CutsThe Federal Reserve's indication of fewer interest rate cuts in 2025 than previously anticipated sent US stocks plummeting. The S&P 500, Dow Jones Industrial Average, and Nasdaq composite all experienced significant losses.
출처: SooToday - 🏆 8. / 85 더 많은 것을 읽으십시오 »

Premarket: Global stocks dip on concerns over Fed rate plans, disappointing China retail dataEuropean PMIs weak again
출처: globeandmail - 🏆 5. / 92 더 많은 것을 읽으십시오 »

Premarket: Stocks edge up on Fed cut bets; euro firm ahead of ECB decisionCrude extends gains amid threat of more Russia sanctions
출처: globeandmail - 🏆 5. / 92 더 많은 것을 읽으십시오 »

Fed rate view in focus as robust stocks year draws to closeSome investors brace for ‘hawkish cut’
출처: globeandmail - 🏆 5. / 92 더 많은 것을 읽으십시오 »

Stocks rise, Nasdaq at record high as Fed decision, data awaitedThe Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.
출처: KitcoNewsNOW - 🏆 13. / 78 더 많은 것을 읽으십시오 »