Ready to Get Started?
Start here. Join 2.9M Libertex users around the world!
US stocks love the 0.50% Fed rate cut- S+P and Dow Jones set new records on the news
The US stock markets have understandably reacted positively to the 0.50% rate cut from the Fed. The gains saw the S+P 500 reach a new all time high close to 5,690, but it has pared those gains now. It is a similar story for the Dow Jones too. The Dow reached a new all time high on this news, at 41,981, but it has just as quickly handed back a good deal of that. Does that suggest such an outcome was priced in? Well, it is hard to gauge that right now. The S+P 500 is currently trading at 5,658
Market News
All News-
US stocks turn lower now- S+P 500 heads back towards 5,700
Well, as warned about here earlier this afternoon, there was no guarantee the higher opening for the US stock markets would be sustained and as you...
-
Dow Jones sligthly pares opening gains
As expected, all three major US stock market indexes opened higher today, buoyed by the positive news from the September jobs report. That more...
-
Pound upended again as dollar surges-GBP/USD tests technical support level
Following on from the previous update, noting the slide in the EUR/USD after the US jobs report, the Euro is not the only currency reeling under the...
