Analysis-Rate cuts are here, but US stocks may have already priced them in
As the Federal Reserve kicks off a long-awaited rate cutting cycle, some investors are wary that richly valued U.S. stocks may have already priced in the benefits of easier monetary policy, making it harder for markets to rise much further.
Dow, S&P 500 close at record highs after Federal Reserve’s supersized rate cut
Stocks jumped Thursday as investors cheered the Federal Reserve’s eye-popping half-point interest rate cut. The Dow rose 633 points, or 1.5%, on Thursday afternoon to pass 42,000. The S&P 500 gained 2%,
Friday's big stock stories: What's likely to move the market in the next trading session
On Thursday, the S&P 500 closed above 5,700 for the first time, while the Dow jumped above the 42,000 level. Here's what CNBC is watching going into Friday.
Stock Market Today: Dow finishes above 42,000 for first time in history after Fed's big rate cut
Up, up, up. That's the path of stocks on Thursday after the Federal Reserve took its first stab at bringing interest rates down, down, down. Here are where the major indexes stood with less than half an hour of trading left: The Dow Jones Industrial Average was up 525 points,
Stocks jump following larger-than-expected Fed rate cut — but labor market concerns linger
Stocks surged to open Thursday trading in the wake of the Federal Reserve’s announcement that it was lowering interest rates by half a percentage point.
Stock Traders ‘Sell the News’ After Fed Goes Big: Markets Wrap
Stock Market Today: Dow tops 42,000, pushes deeper into record territory after Fed's big rate cut
Surging U.S. index futures have sparked rallies across many bourses. In Asia, the Nikkei 225 jumped 2.1% and Hong Kong's Hang Seng added 2%, while in Europe the FTSE 100 is up 1.2%, helped by its big bevy of global-growth-sensitive commodity plays.
Dollar rebounds after Fed goes big on rate cut
The U.S. dollar rose broadly on Thursday, recovering from an earlier tumble in the immediate aftermath of the Federal Reserve's outsized interest rate cut that had been largely priced in by markets.
The Dow closed above 42,000 for the first time after the Fed's big interest rate cut
The Dow Jones Industrial Average (SPGI) jumped 522 points Thursday and closed at a new record high, as the Federal Reserve’s decision to slash interest rates by 50 basis points gave fuel to markets.
Biden calls rate cut 'an important day for the country'
In remarks on Thursday at the Economic Club in Washington, President Joe Biden said the Fed's rate cut was "an important day, ...
Truth Social's biggest investors can now dump their stock — and trigger a fire sale
Trump Media's lockup period ends soon, allowing Donald Trump to sell his shares if he chooses. He'd potentially earn billions ...
Ohio students improve in English, math but still lag behind pre-pandemic levels
Ohio students have improved in recent years in English language arts and math on state school report cards, but scores remain ...
Facing a $2 billion decision, Trump says he will keep his Truth Social shares
Six months after Donald Trump's Truth Social company went public, the "lockup" agreement that kept him from selling any of ...
Nike is bringing back a long-time exec as CEO — and he could be what the sportswear brand needs
Nike says Elliott Hill will replace John Donahoe as CEO in October. Nike has struggled to turn around its business over the ...
Analysis-Global refiners face profit slump as new plants come online
By Ahmad Ghaddar, Trixie Yap and Shariq Khan LONDON/SINGAPORE/NEW YORK (Reuters) - Oil refiners in Asia, Europe and the ...
Asian stocks follow Wall Street's rate-cut rally higher, as BOJ stands pat
Asian stocks surged on Friday with Japan’s Nikkei leading regional gains after Wall Street romped to records following the ...
Landslides Swallowed Up Houses in California. Owners Still Have to Pay.
Since June, two houses nearby have partially collapsed due to landslides and have been deemed unsafe; others were abandoned ...
Nike's new CEO can't rest on retro styles and must innovate to turn the company around, analyst says
Nike is naming Elliott Hill, a company veteran of more than 30 years, as its new CEO.In the past few years, Nike relied too ...
Anti-money laundering watchdog calls on India to speed up prosecutions
The global anti-money laundering watchdog, the financial Action Task Force (FATF) urged India on Thursday to speed up its ...