Dow, S&P 500 fall after after Fed rate cut, but stock market breadth remains positive.

The Dow Jones Industrial Average DJIA, -0.95% sank to a triple-digit loss in afternoon trading Wednesday, after the Federal Reserve's decision to cut its target on overnight interest rates, but the stock market's breadth remained positive, helped by strength in small-capitalization stocks. The number of advancing stock outnumbered decliners 1,540 to 1,333 on the NYSE and 1,610 to 1,331 on the Nasdaq exchange.

Where breadth data showed some weakness was in the larger, more active stocks, as volume of advancing stocks represented just 45.2% of total volume on the Big Board and 36.7% of total volume on the Nasdaq. Meanwhile, the Dow fell 148 points, or 0.5%, with 25 of 30 components losing ground. Just before the Fed's rate decision, the Dow was up about 14 points. The S&P 500 SPX, -0.79% gave up 0.5% and the Nasdaq Composite COMP, -0.76% shed 0.4%, while the Russell 2000 RUT, -0.

StockMarket already factored in 0.50% ratecut, so even if FED would cut it by 0.50% it would not resulted in $DJI or $SPX to go up. $DJI or $SPX was going up on promises of ratecuts since December 24, 2018 crash How long would 0.25% cut hold the Market before next Crush?

Quater point won't do it. .75%(at least) has already been priced in. Keep blowing J.P.

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.

Dow futures higher as investors look ahead to Fed meeting, Apple earningsTraders are focused on the upcoming Fed meeting, which starts Tuesday. Market expectations point to a quarter-point rate cut on Wednesday, which would be the first rate cut in a decade.
Source: CNBC - 🏆 12. / 72 Read more »

Here are the best Dow stocks to buy on the day Fed cuts ratesThe Federal Reserve is expected to cut rates this week for the first time since 2008, potentially giving investors the green light to play offense. Here are the stocks that tend to pop on the day the central bank pulls the trigger. It’s too late if you haven’t already, you guys. Gotta stay ahead of CNBC. Awesome No worries folks just another day of computerized organized crime on WS, any day now June & July will be wiped out in milliseconds, past 2 weeks you can really see what a rigged racket the markets really are, same daily BS micromanaged by the financial media carnival barkers lol
Source: CNBC - 🏆 12. / 72 Read more »

Goldman Sachs ups S&P 500 forecast but cuts earnings outlookGoldman Sachs raised its 2019 year-end price target for the U.S. benchmark S&P 500 index by 3% to 3,100 points on Tuesday.
Source: CNBC - 🏆 12. / 72 Read more »

Goldman Sachs says S&P 500 bull-run has legs but cuts earnings outlookGoldman Sachs said on Tuesday it has raised its 2019 target for the U.S. benchma...
Source: Reuters - 🏆 2. / 97 Read more »