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Stock Market Calm, Fed Rate Cut Expected
US stocks experienced a quiet trading day, with the S&P 500 remaining mostly unchanged following its second loss in eleven days. The Dow Jones Industrial Average rose by 145 points, while the Nasdaq composite saw a slight dip of 0.2%. Investors are eagerly awaiting news from the Federal Reserve, which is expected to announce an interest rate cut this afternoon, marking the third such easing this year. CVS Health was a notable performer, surging after releasing positive financial projections, while homebuilder Toll Brothers and AutoZone reported disappointing results. Ares Management gained 6% after being added to the S&P 500 index, replacing Kellanova. Nvidia slipped slightly following President Trumps decision to allow it to sell an advanced AI chip to approved customers in China.
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Published on 1 week, 4 days ago