Powell emphasized: the substantial interest rate cut is to stabilize the employment market, and the U.S. economy is still in a strong state.
Federal Reserve Chairman Powell pointed out at the press conference that the main purpose of this rate cut is to stabilize the employment market.
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%.
The Federal Reserve announces! 50 basis points cut, Powell's heavyweight statement!
The Fed's interest rate cut is finally here!
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%.
Powell's Hawkish Tone Tempers Market Excitement After Historic 50-Basis-Point Interest Rate Cut, Economist Sees 'Welcome News For Credit-Sensitive Sectors'
Invesco QQQ Trust Options Spot-On: On September 18th, 3.23 Million Contracts Were Traded, With 10.75 Million Open Interest
On September 18th ET, $Invesco QQQ Trust(QQQ.US)$ had active options trading, with a total trading volume of 3.23 million options for the day, of which put options accounted for 53.29% of the total