Dow falls 1,100 points on disappointing Fed interest rate news
The Dow Jones Industrial Average shed 2.6%, or 1,123 points, closing at 42,327. The S&P 500 lost nearly 3%, closing at 5,872. The Nasdaq Composite lost 3.6%, closing at 19,393. The S&P 500 and Nasdaq have traded at or near record highs in recent days, partly in anticipation of a rate cut by the Fed.
Stock Market Today: Dow trims gain after Fed cuts rates, signals fewer cut going forward
The Cboe Volatility Index, which trades under the ticker symbol VIX, was down 4% at slightly more than 15, according to FactSet data, at last check. The VIX was trading slightly below its 200-day moving average, based on FactSet data around midday Wednesday.
Wall Street was previously betting on the Fed keeping an aggressive rate-cutting stance through 2025, hoping to extend the ...
Unlike more effective indexes, the Dow’s weighting calculations are based on stock price, not market capitalization. That ...
Barron's on MSN7h
Dow Tanks as Powell Sends Shockwaves. This Is No Time To Panic.And Fed officials were far more hawkish with four not wanting to cut, a relatively large dissent. The S&P 500, Dow Jones ...
The Federal Reserve lowered the overnight borrowing rate by a quarter point on Wednesday, but its rate outlook rocked the ...
The Federal Reserve cut interest rates by a quarter point on Wednesday, as expected, but suggested that the pace at which it will reduce rates next year would be cut in half. The move brings the Fed’s ...
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