Mini Dow Jones Indus.-$5 Sep 24 (YM=F)
- Yahoo Finance Video
Rate cut reactions, Bank of England, Biden speech: 3 Things
Stock futures (ES=F, NQ=F, YM=F) ride higher Thursday morning after the Federal Reserve opted to cut interest rates by 50 basis points at the central bank's September meeting yesterday. The Bank of England held its own interest rates at 5% at its latest meeting, with other global central banks to announce their rate policies this week. President Biden will address the milestone rate cut by the Fed and the progress the US economy has made as inflation cools in a speech at the Economic Club of Washington, DC, this afternoon. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Luke Carberry Mogan.
- Yahoo Finance Video
Fed rate decision, size of rate cuts, Google in EU: 3 Things
US stock futures (ES=F, NQ=F, YM=F) and US Treasury yields (^TYX, ^TNX, ^FVX) are moving higher in Wednesday's pre-market trading as the Federal Reserve is anticipated to cut interest rates for the first time in four years coming out of its September policy meeting later today. Investors are going back and forth on whether the central bank will ease rates by as little as 25 basis points or as much as 50 basis points. The CME FedWatch tool measures that 65% of investors are pricing in a 50-basis-point cut. Alphabet's Google (GOOG, GOOGL) won an antitrust suit in EU courts, overturning a $1.7 billion fine originally levied against the tech giant for its dominance in the advertising space. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Luke Carberry Mogan.
- Yahoo Finance Video
Boeing strike, Adobe and Oracle, markets: 3 Things
33,000 Boeing (BA) factory workers decided to go on strike last night after unions voted to reject the aircraft manufacturer's proposed labor contract. As Adobe (ADBE) shares fall in pre-market trading on weaker-than-expected fourth quarter guidance, Oracle (ORCL) is on the rise, presenting a mixed picture in the overall AI landscape. Lastly, US stock futures (ES=F, NQ=F, YM=F) swing higher as the equity market hopes to offset the volatility seen at the beginning of September. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Luke Carberry Mogan.
