Stock futures are flat after Dow closes at a fresh record: Live updates

Published On Sep 23, 2024, 6:04 PM

U.S. stock futures are relatively stable as the S&P 500 and Dow Jones hit new record highs. The current market momentum follows a recent half-percentage point cut in interest rates by the Federal Reserve. Rate-sensitive sectors like utilities and financials are seeing upward trends, indicating a shift in market leadership towards a broader collection of stocks. Despite this positive trend, increased market volatility is anticipated as economic indicators will be closely monitored in the coming days, particularly consumer confidence and manufacturing data.

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Positive

With the S&P 500 and Dow hitting record highs, it indicates a bullish sentiment in the market, especially given the supportive move from the Federal Reserve. Stocks in rate-sensitive sectors like utilities and financials are likely to benefit from the current environment with lower interest rates. However, caution is advised as any negative economic news could reverse current gains.

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