The S&P 500 and Nasdaq also fall.
Last Updated:
Sep. 18, 2024 at 7:19 PM EDT
LIVE UPDATES | CONCLUDED
Key Events
11 hours ago
Bond King Bill Gross Says 10-Year Treasury Belongs at 3.75%
11 hours ago
Crude Oil Gets Little Help From Fed Rate Cut
11 hours ago
Treasury Yields Settle Higher in Choppy Trade After Fed’s Big Cut
11 hours ago
Bond Funds Waver as Investors Turn to Lower Rates
11 hours ago
Stocks Are Still Trying to Pick a Direction
11 hours ago
Market Uncertainty Reigns
12 hours ago
S&P 500 Pulls Back From Record Again
12 hours ago
Stocks Are Bouncing. Powell Is Taking Questions.
12 hours ago
Stocks Build on Gains as Powell Speaks
12 hours ago
Small Caps Are Popping
Pinned Post
11 hours ago
Markets Fall After Fed Cut. An Upbeat Powell Wasn’t Enough.
The stock market whipped back and forth but finished lower after the Federal Reserve landed on a half-point interest rate cut.
The Dow Jones Industrial Average was down 103 points, or 0.3%. The S&P 500 was down 0.3%. The Nasdaq Composite was down 0.3%. The yield on the 2-year Treasury note was up to 3.602%. The 10-year yield was up to 3.685%.View MoreShare
Latest Updates
Updated 11 hours ago
Bond King Bill Gross Says 10-Year Treasury Belongs at 3.75%
The 10-year yield was all over the place after the Fed announced its decision to cut rates by 50 basis points, ending the day at 3.685% on Wednesday.
Bill Gross says the sweet spot is slightly higher from there.View MoreShare
11 hours ago
Crude Oil Gets Little Help From Fed Rate Cut
By
Anthony Harrup, Dow Jones Newswires
Oil futures settle lower despite a slight lift from the Fed’s half-point interest-rate cut–the larger of the two options markets were considering as likely.
“Speculators re-entered the short side of this market with little apparent concern over the Fed rate decision in sending off some additional bearish signals suggestive of a market poised to trend lower,” Ritterbusch says in a note.View MoreShare
11 hours ago
Treasury Yields Settle Higher in Choppy Trade After Fed’s Big Cut
By
Paulo Trevisani, Dow Jones Newswires
Treasury yields recover from a post-Fed announcement tumble and settle higher, as Chair Powell seems to have eased concerns that policymakers could be bracing for an economic downturn.
The bulky 50-basis-point rate cut and projections of continuous easing triggered a bonds rally that sent yields lower in the announcement’s aftermath.View MoreShare
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11 hours ago
Bond Funds Waver as Investors Turn to Lower Rates
Exchange-traded funds holding long-term and intermediate-term bonds fluctuated widely after the Fed announced a super-sized interest rate cut, suggesting investors continue to adjust their portfolio durations.
The iShares Core US Aggregate Bond ETF, offering broad exposure to investment-grade debt, and iShares 20+ Year Treasury Bond ETF both rose to intraday highs before falling back down. Vanguard Total Bond Market ETF, offering intermediate-term bonds, also followed the same trajectory.View MoreShare
11 hours ago
Stocks Are Still Trying to Pick a Direction
Stocks continued to waver after Federal Reserve Chair Jerome Powell wrapped up his press conference.
The Dow was up 10 points, or 0.1%. The S&P 500 was up 0.1%. The Nasdaq Composite up 0.1%. All three have bounced up and down in the past hour as traders reacted to the Fed’s first rate cut since 2020.View MoreShare
11 hours ago
Market Uncertainty Reigns
The stock market was bouncing around in the wake of the Federal Reserve’s first interest-rate cut since 2020.
The S&P 500 fell, then jumped, then wobbled between break-even and its highest levels on record. The other two major indexes were moving in tandem.View MoreShare
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12 hours ago
S&P 500 Pulls Back From Record Again
The S&P 500 can’t break through its record close.
The market benchmark has repeatedly rallied, then pulled back after nearing its intraday high of 5689.75. It was most recently down 0.2.View MoreShare
12 hours ago
Stocks Are Bouncing. Powell Is Taking Questions.
Stocks were bouncing around as Powell took questions from reporters.
The Dow actually turned slightly lower but reversed, up 90 points or 0.2%. The S&P 500 was up 0.3%. The Nasdaq Composite was up 0.7%.View MoreShare
12 hours ago
Stocks Build on Gains as Powell Speaks
Stocks were building on earlier gains as Fed Chair Jerome Powell discussed the labor market and progress on inflation.
The Dow was up 240 points, or 0.6%. The S&P 500 was up 0.7%, on track for a record close. The Nasdaq Composite was up 1.1%.