Fed, Jerome Powell and Stock
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This live blog is refreshed periodically throughout the day with the latest updates from the market.To find the latest Stock Market Today threads, click here. Happy Thursday. This is TheStreet’s Stock Market Today for Oct.
Stocks finish mostly lower even after the Fed cut interest rates and said it will stop shrinking its balance sheet on Dec. 1. Separately, investors are preparing for earnings from three of the Mag 7 mega-cap stocks after the close.
The S&P 500 has been in a bull market for three years, but the momentum could stall, depending on the outcome of several crucial events this week.
India's equity benchmarks are poised to open higher on Thursday, supported by the Federal Reserve's interest rate cut and optimism over a potential U.S.-China trade deal ahead of a meeting between Presidents Donald Trump and Xi Jinping.
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Stock Market Today: Dow Rises Ahead Of Fed Rate Decision, Powell; Nvidia Surges To New Highs (Live Coverage)
Futures for the Dow Jones Industrial Average and other major stock indexes traded higher in premarket action Wednesday as Wall Street awaited the Federal Reserve's interest-rate decision and Fed Chair Jerome Powell's comments.
When Jerome Powell speaks, markets listen. As well they should. Powell serves as the chair of the Federal Reserve Board. As part of this role, he also leads the Federal Reserve Open Market Committee (FOMC), which sets the monetary policy of the U.S.
Investors are bracing for ‘Magnificent Seven’ earnings, Fed’s rate decision and Powell’s press conference in one day.