Nasdaq 100 Extends Record Levels Ahead Of Fed Meeting, Tesla Hits 26-Month Highs, Small Caps Stall: What's Driving Markets Thursday?

Quick Summary:

After Wednesday’s “everything rally” spurred by the election results, investors took a less euphoric approach on Thursday ahead of the Federal Open Market Committee (FOMC) meeting.

Concerns from the market center on the possibility of a policy U-turn driven by higher fiscal deficits and price pressures from trade tariffs under a Trump administration.

The Fed is widely expected to cut interest rates by 25 basis points, bringing them to a range of 4.5%-4.75%, following a previous 50-basis-point cut in September.

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Article Details

Author / Journalist: Piero Cingari

Category: Technology

Markets: United States

Topics: Broad U.S. Equity ETFs Commodities Sector ETFs MCK Federal Open Market Committee US88160R1014 GILD BTC QQQ US0238501003 US3755581036 Economics Benzinga $BTC MELI Top Stories US58733R1023 US8740541094 SPY TSLA US8936411003 Large Cap US26441C1053 DIA US7475251036 US73935A1043 XLRE US58155Q1031 US78467X1090 Pro Project APP IWM $ETH US81369Y8030 US2036121067 US4642876555 US78462F1030 XLF TDG TTWO XLK DUK Federal Reserve Macro Economic Events US81369Y6059 Equities Expert Ideas QCOM Stories That Matter Tech Cryptocurrency ETFs

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Article Type: News Report

Published On: 2024-11-07 @ 18:37:00 (2 weeks ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 377 words

Reading Time: 3 minutes read

Sentences: 19 lines

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News ID: 23464643

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