Dow poised to extend powerful rally driven by hope for Fed interest-rate cuts
Stocks on Wednesday were poised to extend a potent advance after Federal Reserve Chairman Jerome Powell implied that the central bank would cut borrowing costs if financial conditions showed signs of weakening from tariff tensions.
What’s driving the market? Fed Chairman Powell on Tuesday said the central bank was monitoring recent escalation in U.S. trade tensions and signaled a willingness to “act as appropriate” to sustain domestic economic expansion, which has showed signs of waning as Washington wages tariff disputes on multiple fronts.
Commerce Secretary Wilbur Ross told Bloomberg News on Tuesday that the U.S. will take steps to ensure that it isn’t cut off from rare-earth supplies. At 2 p.m. the Fed will release its Beige Book, an anecdotal account of business conditions in the central bank’s districts. Which stocks were in focus? Shares of Apple Inc. AAPL, +3.66% may be in focus on Wednesday after the CEO of the iPhone maker, Tim Cook, declared that his company isn’t a monopoly, speaking with CBS News reporter Norah O’Donnell.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Dow ends more than 500 points higher as Fed hints at possible cutStocks roared back in a broad-based rally Tuesday on signs of easing trade tensions and following remarks by Federal Reserve Chairman Jerome Powell that were...
Leer más »
Boeing and two other Dow stocks are on the verge of the dreaded death crossA major May sell-off has set off bearish alarms on the Dow. Craig Johnson, chief market technician at Piper Jaffray, has assessed the damage, and says it doesn't look pretty.
Leer más »
Stock market up strongly on rate-cut hopes, optimism over tradeU.S. stocks on Tuesday climb on expectations that the Federal Reserve will cut interest rates.
Leer más »
Stocks just had their second best day of the year — Dow rallies more than 500 pointsStocks surged today after the Fed signaled it was open to easing monetary policy amid trade tensions. The 3 major U.S. indices climbed back from a big rout last month, with the Dow gaining more than 500 points.
Leer más »
Dow gains more than 500 points on second best day of the year for stocksUS stocks recorded their second best day of the year on Tuesday, rallying as hopes for a Federal Reserve rate cut took hold and worries about an escalating trade war took a backseat.
Leer más »
Stocks in Asia set to trade higher; Fed signals potential rate cutStocks in Asia were set to trade higher on Tuesday amid ongoing global trade tensions. The Reserve Bank of Australia is also set to announce its interest rate decision later today.
Leer más »
Stocks Close Sharply Higher as Fed Hints at Possible Rate CutMajor indexes rose, with the Dow climbing 512 points, as Fed officials hinted the central bank could lower interest rates if the economy slows.
Leer más »
Stocks Surge Because Of Likely Fed CutInvestors are breathing a (small) sigh of relief as stocks rose dramatically in response to a potential federal interest rate cut and the easing of tariff tensions with Mexico by lisettevoytko
Leer más »
Asian stocks bounce on Wall Street's Fed cheer; dollar stays weakAsian shares tracked Wall Street's rally on Wednesday, after U.S. central b...
Leer más »
Global stocks are rallying as traders see Fed comments as 'central banks to the rescue'Asian and European stocks and US futures climbed on Wednesday after Fed Chairman Jerome Powell hinted a rate cut could be coming.
Leer más »
Dow futures slightly higher amid escalating trade war concernsMarket focus is largely attuned to global trade developments, after a senior Chinese diplomat ramped up the rhetoric against the U.S. amid a bitter trade war.
Leer más »