Asian equities were primed for muted moves following declines on Wall Street after the Federal Reserve’s half-point interest rate cut on Wednesday.
Tim Urbanowicz, head of research and investment strategy at Innovator Capital Management, joins BNN Bloomberg for insight on reaction to the US Fed 50 BPS cut.
Almost every major group in the S&P 500 gained, with the benchmark up 1.8% and poised for its 39th record this year. The Nasdaq 100 climbed 2.9% and the Russell 2000 of small caps extended its advance into a seventh straight session. Bitcoin jumped 5%. Bonds fell.The Fed’s bold start to cutting interest rates and its determination not to fall behind the curve re-ignited hopes the central bank will be able to avoid a recession.
Pacific Rim Top Asia Pacific Rim Australia Materials Banking Bonds Business Canada Top Canada China Markets Company News Etfs Europe Top Europe Financials Currencies Futures Germany Government India Industry Japan Metals & Mining Middle East North America Energy Oil South Korea Stock Market News Technology Technology Services Top News United Kingdom Unites States World Market Industry Wraps Top World
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Stock market today: Dow hits record, S&P 500, Nasdaq rise despite fall in Nvidia sharesThe dust is settling after Nvidia's solid but disappointing earnings, as investors reassessed the prospects for techs.
Read more »
S&P 500, Nasdaq jump after Powell says ‘the time has come’ for rate cuts: Yahoo FinanceThe Dow Jones Industrial Average, S&P 500, and Nasdaq Composite are all jumped higher after Federal Reserve Chairman Jerome Powell said rate cuts are on the ...
Read more »
Vernon cyclist smashes female record at 500-mile Utah raceAt the Hoodoo 500, Leah Goldstein broke the previous female record time by over eight hours
Read more »
S&P 500 above JPMorgan's year-end target: Can it keep going?The S&P 500 (^GSPC) is coming off of eight consecutive days of gains, briefly touching back above 5,600 Tuesday morning — above several financial firms' year...
Read more »
S&P500 to end 2024 near current level, suggests AI rally fizzling out: Reuters pollThe Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.
Read more »
Dow, S&P 500 slip, Palo Alto Networks soars: Yahoo FinanceThe Dow Jones Industrial Average, Nasdaq, and S&P 500 are trading lower, with Wall Street in a little big of a holding pattern ahead of Federal Reserve...
Read more »