Stocks higher on Fed's signaling on September rate cut

, the Dow Jones Industrial Average trading to the upside of over 170 points. The Federal Reserve's messaging around a possible interest rate cut in September sent stocks roaring to life yesterday. The Fed opted to hold rates where they are following its July FOMC policy meeting.We had fed chair Powell out with some, uh, spoken word yesterday.

Again, like Brad just mentioned, coming off the back of some do commentary from J Pal, at least the market hearing what it wants to hear in terms of the likelihood of a September rate cut.Again, of course, the question is now that we're seeing some momentum back within the A I trade chip makers really leading the charge yesterday.The focus of course is going to turn to Amazon and Apple.

Bioinformatics Strategic Research Report 2024: Market to Surpass $45 Billion by 2030 - Expansion of Personalized Medicine and Pharmacogenomics Strengthens Market Opportunities Elevar Therapeutics Granted Orphan Medicinal Product Designation by the European Medicines Agency for First-Line Systemic Therapy for Unresectable Hepatocellular Carcinoma

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Markets today: U.S. stocks up as path to September Fed cut gets widerThe stock market ended the week at all-time highs, with traders looking past signals of a slowdown in the world’s largest economy to focus on prospects for Federal Reserve rate cuts.
Source: BNNBloomberg - 🏆 83. / 50 Read more »

Markets today: U.S. stocks up as jobs spur calls for September Fed cutThe stock market headed toward fresh all-time highs, with traders looking past signals of an economic slowdown to focus on prospects for Federal Reserve rate cuts.
Source: BNNBloomberg - 🏆 83. / 50 Read more »

Fed On Course for September Rate Cut as Risks to Job Market Grow(Bloomberg) -- Federal Reserve Chair Jerome Powell signaled central bank officials are on course to cut interest rates in September unless inflation progress...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stocks and precious metals soar, cryptos fall as Powell hints at September rate cutThe Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »