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Fed Cuts Interest Rates To Lowest Since February 2023, Sticks To Data-Driven Path (CORRECTED)
2024 Nov 07, 2:28pm | 413Editor’s note: This story has been updated to clarify the exact words from the September Fed statement that were in omitted in November: “The Committee has gained greater confidence that inflation is moving sustainably toward 2 percent.” The Federal Reserve lowered interest rates...
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Nasdaq 100 Extends Record Levels Ahead Of Fed Meeting, Tesla Hits 26-Month Highs, Small Caps Stall: What's Driving Markets Thursday?
2024 Nov 07, 1:37pm | 793After Wednesday’s “everything rally” spurred by the election results, investors took a less euphoric approach on Thursday ahead of the Federal Open Market Committee (FOMC) meeting. The Fed is widely expected to cut interest rates by 25 basis points, bringing them to a range of 4.5...
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Why Trump's Boost To Treasury Yields, Inflation Expectations May Weaken Fed's Efforts To Cut Interest Rates
2024 Nov 07, 11:26am | 970Rising U.S. Treasury yields and a strengthening in the value of the dollar in the wake of Donald Trump's return to the White House are threatening to counteract the Federal Reserve's efforts to lower interest rates. The Federal Reserve is expected to cut its benchmark interest rate by 25 basis...
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US Stocks Likely To Open Higher, Extending Post-Election Rally: Fed's Rate Decision On Investors' Radar As Expert Highlights Markets Scaling 48 All-Time Highs This Year
2024 Nov 07, 6:45am | 1453U.S. stocks could open in the green on Thursday after a strong post-election rally on Wednesday that saw former President Donald Trump emerge victorious after a long-drawn battle with Joe Biden and Kamala Harris. Futures of all three major indices edged up on Thursday, pointing to positive...
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US Treasuries Take Sharpest Plunge In A Year Ahead Of Fed Meeting: Could Powell Adjust Stance In Response To Trump?
2024 Nov 06, 3:17pm | 845Longer-dated U.S. Treasury bonds, tracked by the popular iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT), saw their steepest decline in over a year on Wednesday, plummeting more than 2.6%, as investors offloaded fixed-income assets amid rising expectations of wider budget deficits and higher...
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Trump's Win Sends Indices To Record Highs; Financials, Small Caps Surge, Bitcoin Tops $75,000: What's Driving Markets Wednesday?
2024 Nov 06, 2:25pm | 1274An “everything rally” powered Wall Street on Wednesday after the 2024 election results, with Donald Trump emerging as the clear presidential winner. The Republican Party reclaimed control of the Senate, while the House of Representatives leans Republican but remains undecided. The major...
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S&P 500, Dow Hit Record Highs After Trump Win; Fear Index Drops 20%
2024 Nov 06, 10:52am | 1457The S&P 500 and Dow Jones Industrial Average surged to record levels on Wednesday after Donald Trump was elected as the 47th U.S. president. In Congress, Republicans clinched a majority in the Senate, while the House race remains close. As of Wednesday morning’s tabulations, Republicans...
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Dollar Index Sees Biggest 1-Day Rally Since Brexit On Trump Victory
2024 Nov 06, 9:25am | 736The U.S. Dollar Index (DXY) recorded its sharpest one-day rally in over eight years on Wednesday as Donald Trump secured victory in the 2024 presidential election. This currency-weighted gauge of the dollar – as tracked by the Invesco DB USD Index Bullish Fund ETF (NYSE:UUP) – jumped nearly 1.8%...
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Dow, Nasdaq Futures Race Higher As Trump Wins White House: DJT, Tesla Shares Surge — Veteran Investor Predicts US Economy Could 'Take Off'
2024 Nov 06, 6:46am | 1544U.S. stocks could witness a strong opening on Wednesday after former President Donald Trump emerged victorious after a long-drawn battle with Joe Biden and Kamala Harris. With Trump returning as the U.S. President, futures of all three major indices were strongly in the green on Wednesday, pointing...
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US Election Jitters Meet Interest-Rate Cut Assurance: Why Fed's Powell May Offer Traders A Safe Harbor This Week
2024 Nov 05, 4:52pm | 815Few things seem certain in life ahead of the U.S. presidential election results: death, taxes, and the Federal Reserve cutting interest rates on Thursday. As the U.S. anxiously awaits results from one of the tightest presidential races in history — potentially too close to call by Thursday — this...
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US Stocks Set For Cautious Start As Investors Brace For Volatility On Election Day: Expert Points To 'Pretty Well Overall' Historical Performance
2024 Nov 05, 6:38am | 1198U.S. stocks could open on a tentative note on Tuesday after the averages registered a mixed October. Futures of all three major indices were slightly up on Tuesday, pointing to a cautious sentiment on Wall Street. While the S&P 500 and Dow Jones snapped their six-week winning streak, the Nasdaq...
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Trump, Harris And The Market: Expert Braces For Post-Election Sell-Off, Stays Long-Term Bullish On S&P 500
2024 Nov 04, 12:10pm | 554Todd Gordon joined Benzinga’s PreMarket Prep on Monday morning to discuss the possible aftermath of Tuesday’s U.S. presidential election between Donald Trump and Kamala Harris. Main Takeaways: Gordon foresees a possible sell-off in the immediate aftermath of Tuesday’s election,...
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US Stocks Likely To Open In Green Amid Hints Of Tentativeness On Election Eve: Expert Says Brace For Volatility Ahead Of Fed's Rate Decision
2024 Nov 04, 6:34am | 1343U.S. stocks could get off to a positive start on Monday after the averages registered a mixed October. While the S&P 500 and Dow Jones snapped their five-month winning streak, the Nasdaq Composite closed in the green buoyed by Big Tech earnings. America goes to polls on Tuesday to elect its...
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Market Volatility Soars Ahead Of Elections, Tech Earnings Mixed, Strikes And Hurricanes Knock Employment Down: This Week In The Markets
2024 Nov 01, 3:50pm | 671The U.S. stock market experienced a setback at the end of October, breaking a five-month winning streak as election uncertainties and mixed tech earnings dampened risk sentiment. A key measure of market turbulence, the CBOE Volatility Index, or VIX, surged by 34% last month, marking the third-...
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A Republican Sweep Might Be The Most Inflationary Election Outcome, Economists Warn
2024 Nov 01, 3:41pm | 964As the U.S. heads into the elections on Nov. 5, economists warn that a Republican victory across the White House and Congress could significantly increase inflationary pressures. The impact, they say, would stem primarily from higher tariffs, a swelling budget deficit and restricted immigration...