US futures rise with jumbo Fed cut back on the table
Published On Sep 13, 2024, 6:47 AM
US stocks saw significant gains, with the S&P 500 up 0.5%, the Nasdaq Composite up 0.7%, and the Dow Jones gaining 0.5%. The positive movement is largely driven by increased expectations of a 50 basis point interest rate cut from the Federal Reserve. The odds of this larger cut jumped significantly from 15% to nearly 50% amid shifting market sentiments. Despite this, concerns remain regarding a potential labor market slowdown and recession risks, which could create ongoing volatility in the market.
Stock Forecasts
BA
Negative
Boeing is facing a potential risk of credit rating downgrade due to a significant strike at its Seattle hub, which has halted manufacturing. If the strike continues, it could negatively impact operational stability and investor sentiment.
DJT
Positive
Trump Media's recent surge following Donald Trump's affirmation to retain his shares indicates potential for speculative investment. However, caution is advised as the stock is still down significantly from its peak and faces uncertainties.
ADBE
Negative
Adobe's recent downgrade in outlook due to lack of benefits from its AI initiatives suggests a negative trend for its stock price, especially with its recent near 9% drop.
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