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2024-09-18 13:46:27

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2024-09-18 13:46:27

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2024-09-18 13:46:15

Stock market today: Wall Street inches modestly higher ahead of presumed Fed interest rate cut
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Wall Street rose slightly on Sep 18, 2024, as markets anticipated an expected interest rate cut by the U.S. Federal Reserve, the first in over four years; S&P 500 and Dow Jones futures were up less than 0.1%; the Fed's current rate is between 5.25% and 5.50%, unchanged for over a year; the Fed raised rates 11 times since early 2022 to combat high inflation; analysts predict a potential half-point cut, while a quarter-point cut is more typical; Tupperware Brands fell 7.5% after filing for Chapter 11 bankruptcy; 23andMe shares dropped over 9% following the resignation of seven directors; Microsoft announced a $30 billion partnership with Blackrock and MGX for data centers; Japan's trade deficit was 695 billion yen ($4.9 billion) in August; the dollar fell to 141.90 yen; U.S. crude oil prices declined to $69.45 a barrel.
#StockMarket #FederalReserve #InterestRates #Bankruptcy #Economy #Inflation #Japan #Microsoft #Tupperware #23andme
https://www.ktbs.com/news/business/stock-market-today-wall-street-inches-modestly-higher-ahead-of-presumed-fed-interest-rate-cut/article_0d1f9b0b-c6c6-521c-a1ff-2c8fdac21d33.html