US stocks closed | After the interest rate cut, US stocks rose and then fell back, with the three major indices closing slightly lower. Apple bucked the trend and rose nearly 2%.
After the Federal Reserve cut interest rates, US stock index hit a new daily high. However, it turned downwards after Powell's press conference. The S&P 500 ended its seven-day winning streak, while the Dow Jones Industrial Average fell for the second consecutive day. Nvidia failed to rebound and closed down nearly 2%, while Apple rose against the trend, gaining nearly 2%.
JPMorgan: Prepare for the decrease in the future ten-year ROI of US stocks.
According to a model from JPMorgan that focuses on long-term market performance, the average annual return rate of the S&P 500 index in the next ten years may decrease to 5.7%.
IWM ETF Closes Flat
IShares Russell 2000 ETF Options Spot-On: On September 18th, 2 Million Contracts Were Traded, With 14.99 Million Open Interest
On September 18th ET, $iShares Russell 2000 ETF(IWM.US)$ had active options trading, with a total trading volume of 2 million options for the day, of which put options accounted for 51.79% of the
Interest Rates In Free-Fall: What It Means For Mortgages, Credit Cards And Your Wallet As The Federal Reserve Springs Into Action For First Time In 4 Years
A review of Powell's speech: There is no fixed interest rate path, and there is currently no sign of a recession in the US economy.
①Powell said that there are currently no signs of a recession in the US economy, and he does not believe that an economic recession is imminent; ②Powell emphasized that no fixed interest rate path has been set and decisions will be made progressively through meetings.