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Stan ChoeFortune |
The markets sell-off was sparked by the Fed saying it may deliver fewer interest-rate cuts next year.
Fed officials released projections on Wednesday showing the median expectation among them is for two more cuts to the federal funds rate in 2025.
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That's enough to fund an estimated six additional years of spending in retirement.
Lower interest rates help financial markets in two big ways.
The jobs report showed U.S. employers hired fewer workers in August than economists expected.
The S&P 500 is less than 1% below its all-time high set last month after briefly falling nearly 10% below the mark.
But even a good performance by Nvidia does not guarantee more gains for the stock.
For the week, the S&P 500 added nearly 3.9%, its best since November 2023. The Nasdaq gained 5.2%, and the Dow rose 2.9%.
After its best day since 2022, the S&P 500 rose 0.5% Friday, trimming its loss for the week down to just 0.1%.
“Today’s jobless claims data may ease some of the concerns raised by last week’s soft jobs report,” said Chris Larkin, managing director,...
Critics have been saying that euphoria has sent stock prices too high in many cases.
It's on track to break a brutal three-day losing streak.
The S&P 500 was down by 2.4% in midday trading and on track for its worst day since 2022. The Dow Jones Industrial Average was reeling by 864...
The S&P 500 was sinking by 2.5% in midday trading, potentially on pace for its worst day since 2022, and on track for its first back-to-back...
Their stock movements carry extra weight on Wall Street because they are among the market’s largest by total value.
Profit expectations are high, but particularly so for the “Magnificent Seven.”
You can blame China, Trump, Apple, and Nvidia.