Stocks Surge Because Of Likely Fed Cut

: Investors are breathing a sigh of relief as stocks rose dramatically in response to a potential federal interest rate cut and the easing of tariff tensions with Mexico.

All three major U.S. markets are up after a tumultuous period of trading, with recession worries, Mexico and China tariff standoffs, and the federal government’s upcoming antitrust investigations of Amazon, Google, Facebook, and Apple all contributing to serious downward momentum The Dow Jones Industrial Average ended with its best performance since January of this year, closing with a 512 point gain, up 2% from Monday’s close.

Nasdaq is trading with a 194-point, or 2.6%, gain in after-hours, while the S&P 500 is trading up nearly 60 points, a 2.1% gain from Monday. Federal Reserve chair Jerome Powell said today, “We are closely monitoring the implications of these developments for the U.S. economic outlook and, as always, we will act as appropriate to sustain the expansion,” according to theThe markets rallied immediately after Powell’s comments, which investors are interpreting to mean the Fed will likely cut interest rates to keep the economy stable.about an agreement on the proposed 5% tariffs in a Washington, D.C., news conference on Tuesday.

Free market

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.

Stocks could surge on cusp of huge buying signal says Bank of America Merrill LynchOur call of the day from strategists at Bank of America Merrill Lynch, points to a key contrarian indicator that reveals investors are so bearish it might be...
Source: MarketWatch - 🏆 3. / 97 Read more »

US jobs report; Beyond Meat surge; Stock market reliefToday’s top business headlines with ChristineRomans before the opening bell on Wall Street:
Source: CNN - 🏆 4. / 95 Read more »

8 stocks for contrarian investorsRoyal Mail, Tesco and other stocks for contrarian investors: (via Michael Brush)
Source: MarketWatch - 🏆 3. / 97 Read more »

Stocks end higher following report Mexico tariffs could be delayedStocks ended with solid gains Thursday, buoyed in afternoon trade following a report the U.S. could delay the implementation of tariffs on all imports from... dwindling volume,... good luck.. tmr might see -500 to open
Source: MarketWatch - 🏆 3. / 97 Read more »

Stocks making the biggest moves after hours: Beyond Meat, Zoom Video, DocuSign and moreSee which stocks are posting big moves after the bell on Thursday, June 6.
Source: CNBC - 🏆 12. / 72 Read more »