S&P 500, Nasdaq end at records again after Fed rate cut

Quick Summary:

Markets were cheered by Powell’s tone, which kept the door open to further interest rate cuts.

Bank of America dropped 1.4 per cent, while JPMorgan Chase fell 4.3 per cent.

The broad-based S&P 500 gained 0.7 per cent to 5,973.10, while the Dow Jones Industrial Average was unchanged at 43,729.34.

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Article Details

Category: EconomyBusiness

Markets: Singapore

Topics: Highs Don’t Cent Nasdaq Interest All-time Election Rate Markets Trump’s Cuts

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-08 @ 05:33:28 (9 hours ago)

News Timezone: GMT +8:00

News Source URL: straitstimes.com

Language: English

Article Length: 409 words

Reading Time: 3 minutes read

Sentences: 18 lines

Sentence Length: 23 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Straits Times

News ID: 23466327

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About The Straits Times

Main Topics: EconomyBusiness

Official Website: straitstimes.com

Update Frequency: 20 posts per day

Year Established: 1845

Headquarters: Singapore

News Last Updated: 2 hours ago

Coverage Areas: Singapore

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Publisher ID: #25

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