A trader works on the trading floor at The New York Stock Exchange following the Federal Reserve rate announcement, in New York City, U.S., September 18, 2024. REUTERS/Andrew Kelly/File Photo
Fed Chair Jerome Powell said he did not see elevated risks of a slowdown, and policymakers projected the benchmark rate would fall again, reflected in a closely-watched tool known as a dot plot. Megacap tech stocks including Microsoft and Apple gained on Wall Street. Smaller companies, which might be expected to enjoy reduced operating costs and cheaper debt in a lower rates environment, also felt the benefit.The blue-chip Dow Jones Industrial average rose 1.38 per cent, to 42,076.78 and the benchmark S&P 500 rose 1.89 per cent, to 5,724.42. Both hit intraday record highs.Gains were not limited to Wall Street. MSCI's 47-country world stocks index gained 1.78 per cent, to 840.96.
The Bank of England's decision to leave interest rates unchanged did not dampen market spirits in Europe, with the STOXX 600 index last up more than 1 per cent. Sterling strengthened 0.57 per cent to $1.3285.
Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:
Sverige Senaste nytt, Sverige Rubriker
Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.
Singapore stocks open flat on Friday as US stocks fall and Europe stocks gain51 stocks declined while 47 stocks recorded gains, with 34.3 million securities worth S$38.9 million traded.
Källa: IndependentSG - 🏆 9. / 63 Läs mer »
Singapore stocks could rally after Fed rate cut, say analystsThe expected Fed move would especially boost rate-sensitive sectors like Reits, telcos and industrials.
Källa: straits_times - 🏆 5. / 69 Läs mer »
Rate Cut Expected to Boost Singapore's Real Estate and Telco StocksInvestors are advised to consider sectors like real estate investment trusts (Reits) and telecommunications companies as the US Federal Reserve is expected to cut interest rates for the first time in four years. This move could signal a shift towards risk assets, particularly stocks, following a period of heightened volatility driven by rising interest rates.
Källa: The Straits Times - 🏆 8. / 63 Läs mer »
AI Stocks To Stay Despite Recent Sell-Off, But Patience Is KeyAfter a record sell-off in US stocks, investors are reassessing their strategies. Andrea Heng speaks with Garett Lim about how investors can navigate the current market and whether Asian markets offer opportunities.
Källa: ChannelNewsAsia - 🏆 6. / 66 Läs mer »
US stocks mixed, dollar weak on rate cut expectationsNEW YORK/LONDON :Major stock indexes were mixed at the New York open on Monday and the dollar stayed soft against its global peers as all eyes looked to a Federal Reserve meeting later this week that is expected to usher in a hotly-anticipated easing cycle.
Källa: ChannelNewsAsia - 🏆 6. / 66 Läs mer »