Stock Market Today: S&P 500 rallies as Fed signals September cut in play

notched its biggest gain since February on Wednesday, as the Federal Reserve kept rates unchanged, though signaled that it that potential cut in September was on the table.The Federal Reserve left interest rates unchanged Wednesday, but acknowledged recent progress on inflation and cooling in the labor market, stoking investor hopes that the central bank could begin cutting rates sooner rather than later.

Futures are almost fully pricing for a quarter-point easing in September, with a small chance of a reduction of 50 basis points, and have 66 basis points of easing priced in by Christmas.) gained 5% after the chipmaker reported better-than-expected Q2 results, underpinned by record data center revenue as customers including Meta and Microsoft continued to ramp up orders.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stock Market Today: S&P500 closes lower as Fed kicks off meetingStock Market Today: S&P500 closes lower as Fed kicks off meeting
Source: Investingcom - 🏆 450. / 53 Read more »

Stock Market Today: S&P 500 closes lower as tech rebound runs out of steamStock Market Today: S&P 500 closes lower as tech rebound runs out of steam
Source: Investingcom - 🏆 450. / 53 Read more »

Stock Market Today: S&P500 in biggest slump since 2022 as Alphabet, Tesla nosediveStock Market Today: S&P500 in biggest slump since 2022 as Alphabet, Tesla nosedive
Source: Investingcom - 🏆 450. / 53 Read more »

Stock Market Today: S&P500 in best day since June as big tech reboundsStock Market Today: S&P500 in best day since June as big tech rebounds
Source: Investingcom - 🏆 450. / 53 Read more »

Stock Market Today: S&P 500 suffers worst week since April amid wreck in techStock Market Today: S&P 500 suffers worst week since April amid wreck in tech
Source: Investingcom - 🏆 450. / 53 Read more »

Stock Market Today: S&P500 closes lower as tech continues to lose steamStock Market Today: S&P500 closes lower as tech continues to lose steam
Source: Investingcom - 🏆 450. / 53 Read more »