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Stocks At Night: Fed Cuts Rates, Gold Climbs As Market Looks Ahead

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Stocks,Fed,Rates

CNBC's producers break down the market moves following the Federal Reserve's decision to slash rates by a half point. They also look at what's on the radar for the next session, including earnings reports from Darden Restaurants and Lennar.

Stocks @ Night is a daily newsletter delivered after hours, giving you a first look at tomorrow and last look at today.Here's what CNBC TV's producers were watching as the Federal Reserve slashed rates by a half point on Wednesday and what's on the radar for the next session.Cracker Barrel is down more than 3% from three months ago. The stock is up about 6% week to date, but it's 49% from the late December high.

Darden Restaurants is up roughly 5% in the past three months. Darden runs restaurant brands like Olive Garden, Longhorn Steakhouse, Ruth's Chris and Bahama Breeze. The stock is 9.5% from the March high.reports after the bell. The stock is up 20% in the past three months. It stands 5% from the July 16 high.

Lennar also reports after the bell. The stock is up 26% from three months ago. It hit a new 52-week high Wednesday. It is up more than 5% in a week.are down about 4% in September. Citigroup is 11% from the July 17 high, and Morgan Stanley is 8.5% from the July 16 high.Jeffrey Gundlach of DoubleLine Capital, who correctly predicted a 50 basis point cut, told CNBC TV's Scott Wapner on Wednesday that "gold is symptomatic of a market in accumulation mode.

 

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