Stocks end banner week with big gains as jumbo Fed cut odds rise

Published On Sep 13, 2024, 4:11 PM

In a significant market update, stocks saw substantial gains, driven by increasing speculation regarding potential large cuts to Federal Reserve interest rates. Investors reacted positively to signs suggesting the Fed may shift from its previous tightening stance. This development has led to optimism in the market as traders anticipate easier monetary conditions that could boost economic growth and corporate profits.

Read full article

Stock Forecasts

SPYView SPY chart on TradingView

Positive

With the Fed adjusting interest rate expectations to potentially lower levels, sectors that typically benefit from lower interest rates, such as technology and consumer discretionary, may exhibit strong performance. Additionally, financial stocks could experience downward pressure due to compressed profit margins.

XLYView XLY chart on TradingView

Positive

Investors might consider ETFs that focus on growth and consumer discretionary stocks, as they can leverage the benefits of lower borrowing costs and increased consumer spending.

Related News

Tampa's 'American Social' survives Hurricane Miton, reopens: 'One of a few' | Fox Business Video

American Social owner Rick Mijares says thousands are without power and many residents remain displaced in the aftermath of Hurrica

XLY

Inflation is not ‘dead at all’ despite ‘coming down’: Hoenig | Fox Business Video

Capitalist Pig hedge fund manager Jonathan Hoenig weighs in on market rallies, his concern for everyday Americans amid inflation, and his stock pick.

SPY

Jamie Dimon warns of 'critical issues' that could affect US economy

Oct 11, 2024, 12:25 PM

JPMorgan Chase & Co. chief Jamie Dimon on Friday sounded the alarm about "critical risks" to the U.S. economy in the bank's third quarter earnings report.

SPY