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CNBC Daily Open: Markets need time to digest the 50-point cut
Federal Reserve Chairman Jerome Powell speaks during a news conference following the September meeting of the Federal Open Market Committee at the William McChesney Martin Jr. Federal Reserve Board Building on September 18, 2024 in Washington, DC. Anna Moneymaker | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC […]
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Gold has rallied ahead of Fed rate cuts. Here’s why there could still be more upside
The start of a Federal Reserve rate-cutting cycle often coincides with a rally for gold, but investors might be surprised to find out that the upward move has already been going on all year. Spot gold entered Wednesday up nearly 25% in 2024, outpacing the S & P 500 and Nasdaq Composite . The Fed […]
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CNBC Daily Open: Hoping for a 50-basis-point cut
Hope versus reality: That’s the mood among market watchers as we count down to the Fed’s interest rate decision. Source
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Stock futures are little changed as Wall Street anticipates a long-awaited Fed rate cut: Live updates
A trader works, as a screen broadcasts a news conference by Federal Reserve Chair Jerome Powell following the Fed rate announcement on the floor of the New York Stock Exchange on June 12, 2024. Brendan Mcdermid | Reuters Stock futures were flat in overnight trading Tuesday as Wall Street anticipated a long-awaited rate cut from […]
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S&P 500 jumps to record ahead of key Fed decision on interest rates: Live updates
Traders work on the floor of the New York Stock Exchange. Brendan Mcdermid | Reuters The S&P 500 hit a record high Tuesday as the market awaited the Federal Reserve’s key interest rate cut decision. The broad market index was last up 0.4% at the 5,650 level, after earlier touching a new record high of […]
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CNBC Daily Open: Tech might not be the biggest beneficiary of rate cuts
The sun rises behind the skyline of lower Manhattan and One World Trade Center on September 14, 2024, in Jersey City, New Jersey. Gary Hershorn | Corbis News | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need […]
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5 things to know before the stock market opens Monday
Here are the most important news items that investors need to start their trading day: 1. The Fed’s up Jerome Powell at Jackson Hole on August 23, 2024. David A. Grogan | CNBC The long-awaited Federal Reserve interest rate cut may finally arrive this week. The central bank’s policymakers are set to announce Wednesday whether they […]
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CNBC Daily Open: After the Fed’s first cut, where to next?
The Marriner S. Eccles Federal Reserve building in Washington, DC, US, on Thursday, Sept. 12, 2024. Stefani Reynold | Bloomberg | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like […]
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Asia-Pacific markets set to open mixed after China’s downbeat economic data
Joggers in Shanghai, China, on April 10, 2021. Qilai Shen | Bloomberg | Getty Images Asian markets were set to open mixed Monday as investors digested the downbeat economic data from China released over the weekend, while several key markets were closed for holidays. Investors also await the Federal Reserve’s policy meeting on Tuesday and […]
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Nvidia shares climbed nearly 16% last week — read the latest from CNBC Pro here
Nvidia stock got a boost last week as investors cheered comments by CEO Jensen Huang about the company’s new AI chip rollout. Blackwell — Nvidia’s next-generation processor — is a key focus for Wall Street amid some delays. This — and some other concerns — have hit the company’s share price in recent weeks. But […]
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