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

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-07 @ 18:37:00 (10 hours 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

Sentence Length: 20 words per sentence (average)

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Copyright Owner: © Benzinga

News ID: 23464643

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