US Futures Waver as Investors Assess Rate Path: Markets Wrap

Published On Aug 25, 2024, 6:33 PM

Today, the stock market saw some fluctuations with major technology companies pulling down the overall market after a recent rally that brought the indexes close to their all-time highs. Despite a decline in large tech stocks, the Dow Jones Industrial Average reached a record high. Small-cap stocks remained stable as investors hoped for a broader market advance following indications from Jerome Powell that the Federal Reserve may cut interest rates soon.

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Stock Forecasts

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Negative

The market appears to be reacting cautiously ahead of upcoming earnings reports, especially from Nvidia, which is central to the tech sector's health. The decline in tech stocks could lead to more volatility, but the Fed's potential rate cuts may provide support for broader market recovery.

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