Stock market today: Dow futures hold near record high as stocks steady ahead of Fed reality check
Published On Sep 23, 2024, 6:37 AM
US stock futures remained steady on a Monday following a record week. Investors are waiting for insights from Federal Reserve officials regarding interest rates and upcoming inflation data. Concerns about overall economic health linger due to recent Fed actions suggesting potential further interest rate cuts, especially if inflation continues to cool. Additionally, Intel's stock saw a rise after news of a potential multibillion-dollar investment from Apollo Global Management.
Stock Forecasts
INTC
Positive
With the expectation of further rate cuts and continued interest in tech stocks, particularly Intel due to significant investment interest and a potential acquisition scenario, investor sentiment seems favorable for tech stocks. However, broader market health remains tied to Federal Reserve comments and economic indicators.
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