S&P 500 falls, what's next for the Fed: Market takeaways

  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 72 sec. here
  • 5 min. at publisher
  • 📊 Quality Score:
  • News: 39%
  • Publisher: 63%

Federal Reserve News

Josh Schafer,Top Financial Trends

As the trading day draws to a close, Yahoo Finance markets reporter Josh Schafer breaks down of the day's top financial trends— higlighting S&P 500's (^GSPC)...

So the S and P 500 having its worst week since that regional banking crisis in March of 2023 the NASDAQ having its worst week since 2022.I mean, if we're gonna talk takeaways from the week, it was a lot of red and I want to just take a look at sort of what we saw.The S and P 500 down 4/4 percent.

Does that reinvigorate some of the A I trade that was out there in the bloodstream and we did not get that.People are watching along the market, you gotta give them something.So what we're looking at here is data from factset.What's the sort of the takeaway that's positive?The average is 3% over the last 20 years.But I did think it was interesting today, City Scott Kroner at the head of equity strategy over there said right now, earnings are looking a little bit uninspiring.

You're not a big stock mover talking about it so much, but maybe some thing to just reinvigorate a little bit of that optimism.You have debate over the fed, you have the election coming.And I wanna go to take two, which is, of course, the rate cut debate, right?You had non farm payrolls come under unemployment rate fell, but from 4.3 to 4.2.And then overall, we saw markets kind of shift too at one point today, Josh, we were pricing in a 60% chance of a 50 basis point cut.

The Global IoT in Banking and Financial Services Market Size was Valued at USD 1.27 Billion in 2023 and the Worldwide IoT in Banking and Financial Services Market Size is Expected to Reach USD 38.52 Billion by 2033 according to a research report published by Spherical Insights & Consulting. Companies covered: Oracle Corporation, Cisco Systems, Inc., Capgemini, Qualcomm Technologies, Inc., Huawei Technologies Co., Ltd.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 47. in NG

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&P 500, Nasdaq resume climb as Fed minutes signal 'likely' September rate cutInvestors marking time before Jackson Hole will get Fed minutes and jobs data revisions that could shift the needle on rate cut bets.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market today: S&P 500, Nasdaq resume climb as Fed minutes signal 'likely' September rate cutInvestors marking time before Jackson Hole will get Fed minutes and jobs data revisions that could shift the needle on rate cut bets.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market today: S&P 500, Nasdaq rise as Fed minutes signal 'likely' September rate cutInvestors marking time before Jackson Hole will get Fed minutes and jobs data revisions that could shift the needle on rate cut bets.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market today: S&P 500, Nasdaq futures rise ahead of Fed minutes, jobs reviewInvestors marking time before Jackson Hole will get Fed minutes and jobs data revisions that could shift the needle on rate cut bets.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market today: S&P 500 futures stall in cautious wait for jobs revision, Fed minutesInvestors marking time before Jackson Hole will get Fed minutes and jobs data revisions that could shift the needle on rate cut bets.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market today: Nasdaq, S&P 500 futures slide amid more soft jobs market dataLabor data is in focus as the prospect of rate cuts fails to offset growing doubts about the health of the economy.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »