|Day's range||27,173.31 - 27,272.17|
|52-week range||21,712.53 - 27,398.68|
Fed Chairman Jerome Powell faces the tough task of corralling a committee dividing further on where rates should go next.
Technology companies led broad gains for stocks on Wall Street in morning trading Thursday, extending the market's gains from a day earlier. Health care and communications services stocks also notched solid gains. Energy stocks, which rallied earlier in the week as crude oil prices soared following an attack on key oil facilities in Saudi Arabia, were the only laggard.
Wall Street drifted higher early Thursday as investors digested the latest monetary policy announcements from the US Federal Reserve. The Fed on Wednesday lowered benchmark interest rates by a quarter of a percentage point and Fed Chairman Jerome Powell said policymakers would be ready to act aggressively if the world's largest economy began to deteriorate, lifting market spirits. Analyst Patrick O'Hare of Briefing.com wrote that Powell's pronouncements did not entirely explain the market's reaction.
Investing.com – Wall Street opened higher on Thursday as signs of confidence from Microsoft (NASDAQ:MSFT) and gains in chip stocks offset mixed signals from the Federal Reserve.
European stock markets pushed higher Thursday as traders had their first chance to respond to the U.S. Federal Reserve's widely anticipated decision to cut its benchmark interest rate for the second time this year. In its policy statement accompanying its rate cut, the Fed failed to indicate whether more rate cuts were likely this year, though it did leave the door open for additional rate cuts if the economy weakens. The Fed is trying to combat threats to the U.S. economy, including uncertainties caused by President Donald Trump's trade war with China, slower global growth and a slump in American manufacturing.
We’ve been watching the markets today and over the past few days after the Saudi Arabia attack and are surprised with the real lack of volatility in the US major markets – excluding the incredible move higher, then lower in Oil. The real news appears to be something completely different than Oil right now. Might it be the Fed Meeting?
The Dow Jones Industrial Average Index rose 36.28 points for a 0.13% increase today. The S&P; 500 Index gained 0.07% while tech ETFs mirrored that increase.
The benchmark Dow Jones Industrial Average erased a 200-point drop on Wednesday, leading Wall Street to a split finish as the Federal Reserve delivered another interest rate cut. As expected, the Fed cut interest rates by a quarter of a percentage point but cast some doubt on the need for future stimulus, highlighting recent signs of strength in the economy. The S&P 500 ended flat at 3,006.71 and, while also well off the session's low point, the tech-heavy Nasdaq was 0.1 percent lower at 8,177.39.
Investing.com - Stocks recovered most of their losses by the end of trading Wednesday, erasing an afternoon selloff after the Federal Reserve cut its key interest rate for the second time in two meetings.
Based on the early price action and the current price at 27060, the direction of the December E-mini Dow Jones Industrial Average the rest of the session on Wednesday is likely to be determined by trader reaction to the downside Gann angle at 27015 and the minor pivot at 27009.
Investing.com - Stocks immediately fell after a divided Federal Reserve decided to cut interest rates by a quarter percentage point Wednesday. But losses were quickly being trimmed.
Shares were mixed in Asia on Thursday, with Tokyo and Sydney logging modest gains after the Federal Reserve cut its benchmark interest rate for a second time this year, citing slowing global economic growth and uncertainty over U.S. trade conflicts. Japan's central bank opted to keep its own monetary policy unchanged and its key interest rate at minus 0.1%, as expected. Hong Kong's Hang Seng declined 1.2% to 26,436.41 and shares also fell in Singapore, Taiwan, Thailand and Indonesia.
Investing.com - Wall Street slipped lower at the open on Wednesday as investors waited for the Federal Reserve’s latest interest rate decision later in the trading day.
The Fed cut its benchmark rate by one quarter of a percentage point to a range of 1.75% to 2%, in a move that was widely expected as the Fed attempts to extend the economic recovery and combat low inflation. Broader impacts of the Fed's decision to stop raising rates and start cutting them this year are already being felt across the economy. Investors anticipated that the Fed would cut further, lowering yields on bonds, and reducing mortgage rates.
The Federal Reserve is expected to lower interest rates when it issues its policy statement on Wednesday at the close of a two-day meeting. It would be the central bank's second reduction this year, on the heels of a 25 basis point cut at the July policy meeting, the first rate cut since 2008. As recently as last week, markets were pricing in a greater than 90% probability that the Fed will shave another quarter point from its overnight lending rate, which is currently set in a range of 2.00% to 2.25%.
Investing.com – Stocks held their ground Tuesday in the face of Middle East uncertainty, the spectacular crash of an IPO and what the Federal Reserve will do with interest rates on Wednesday.
US stocks were treading water at Tuesday's open as oil prices retreated and investors grew cautious ahead of a Federal Reserve policy meeting. Crude prices were cooling after posting historic gains on Monday due to weekend's drone attack on Saudi oil facilities, which took an estimated five percent of global capacity offline. Fed policymakers later Tuesday are due to convene a two-day policy meeting at which investors generally expect the central bank to announce an interest rate cut.
A spike in oil prices and escalating trade tensions are among the many news developments weighing on the Federal Reserve as it announces its next policy-setting decision on Wednesday.
Investing.com – Wall Street ticked lower on Tuesday as stronger-than-expected industrial production and manufacturing output figures put another dent in hopes for a rate cut from the Federal Reserve, whose regular policy meeting kicks off later.
"When everything's doing records all the time, and there's a lot of geopolitical uncertainty, it's usually like a wake-up call."