Wall Street Does U-Turn on Dec. Rate Cut
Digest more
U.S. stock futures pointed to a higher open following the prior session’s broad-based gains, as delayed data boosts expectations for a Fed rate cut next month.
MANILA, Philippines -- Asian shares rose on Thursday, taking their cue from Wall Street, where a winning streak extended to a fourth straight day. U.S. futures were nearly unchanged while oil prices declined. Japan’s Nikkei 225 added 1% to 50,069.33 as investors bet that the Federal Reserve will cut interest rates at its Dec. 10 meeting.
Sharp swings in financial markets have left investors reeling in recent weeks, as questions about a potential artificial intelligence (AI) bubble collide with uncertainty surrounding the Federal
The S&P 500 fell almost 2% this past week as fears of an AI bubble led to sharp intraday market swings.
NEW YORK (AP) — U.S. stocks are rising as Wall Street looks to build on its recent winning streak. The S&P 500 rose 0.5% in early trading Wednesday. The Dow Jones Industrial Average gained 227 points, or 0.5%, and the Nasdaq added 0.7% as of 9:50 a.m. EST.
Capital International, The Vanguard Group, and BlackRock (NYSE: BLK) each shed over $1 million worth of MSTR shares during Q3. Even JPMorgan Chase (NYSE: JPM) divested of $500 million worth of MSTR shares during the quarter.
Analyst Gil Luria thinks that three stocks in the software infrastructure space are primed to benefit regardless of what happens to the AI trade.
Bitcoin and other digital tokens have lost more than $1 trillion in value in recent weeks, raising concerns about a wider market fallout.
10hon MSN
Is US Stock Market Open on Thanksgiving and Black Friday? Check list of Wall Street holidays
Will US Stock Market Open on Thanksgiving and Black Friday? Check the remaining Wall Street holidays for 2025 and the full list of holidays for the year 2026.
But Nvidia was the main laggard as investors continued to keep close watch on the Fed. Markets are now pricing in a more than 80% probability of a quarter-point interest rate cut