The Standard & Poor's (S&P) 500 continued its trip down the charts, sliding into $4,330.00 to end Thursday trading down 1.64%. The Dow Jones Industria
Equity indexes extending daily declines heading into Friday market session.The Standard & Poor's 500 continued its trip down the charts, sliding into $4,330.00 to end Thursday trading down 1.64%.
The Dow Jones Industrial Average declined over 370 points to end the day at $34,070.42, retreating 1.08%. The biggest loser for the major US equity indexes was the NASDAQ Composite, backsliding 1.82% to end Thursday at $13,223.99. The S&P is down 2.55% from Wednesday's pre-Federal Reserve peak, and has declined over 4% since last Friday's peak of $4,515.at 5.5% as markets broadly expected, but the Federal Open Market Committee raised their forward-looking rate expectations, with Fed officials seeing the year-end interest rate for 2024 at 5.1% versus the previously forecast 4.6%.is leery of approaching a rate cut cycle too quickly, and interest rates are now only expected to decline by half a percent next year.
The week's action also sees the S&P 500 skidding through a rising trendline from March's early lows near $3,800.00, and the equity index's recovery appears to be under threat as prices inch towards the 200-day SMA currently rising into the $4,200.00 region.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
S&P 500: Should You Buy in Case of a Post-Fed Dip?Stocks Analysis by Jani Ziedins covering: S&P 500, iShares Core S&P 500 ETF, SPDR® S&P 500, S&P 500 Futures. Read Jani Ziedins's latest article on Investing.com
Leer más »
Fed Expected to Confirm Rate Hike Pause Today - But What About November?Market Overview Analysis by Investing.com (Francesco Casarella) covering: S&P 500, iShares Core S&P 500 ETF, SPDR® S&P 500, S&P 500 Futures. Read Investing.com (Francesco Casarella)'s latest article on Investing.com
Leer más »
S&P 500: Post-Fed Decline Is a Buying OpportunityStocks Analysis by Jani Ziedins covering: S&P 500, iShares Core S&P 500 ETF, SPDR® S&P 500, S&P 500 Futures. Read Jani Ziedins's latest article on Investing.com
Leer más »
Sunday’s storm, floods deemed ‘500-year event’ in Calumet CitySouth suburbs such as Calumet City are coping with the flooding caused by heavy rains Sunday that dumped 9 inches on that city, several inches in others.
Leer más »
Russell 2000 Below 50 MA, Nasdaq Struggles, S&P 500 Eyes Reversal: What's Next?Stocks Analysis by Declan Fallon covering: S&P 500, Dow Jones Industrial Average, US Small Cap 2000, SPDR® Dow Jones Industrial Average ETF Trust. Read Declan Fallon's latest article on Investing.com
Leer más »
S&P 500 futures stall as traders hunker down ahead of Fed commentsU.S. stock futures were little changed early Wednesday, with traders in no mood to be brave ahead of the Federal Reserve's rate decision and comments.
Leer más »