US Stocks Edge Up, Micron Suffers Worst Day Since March 2020, Bond Yields Surge: What's Driving Thursday's Markets?

Benzinga32minutes ago

The Federal Reserve has lowered interest rates by 25 basis points as expected! The dot plot suggests two rate cuts in 2025.

The Federal Reserve has cut interest rates for the third consecutive time, with a cumulative reduction of 100 basis points. The latest dot plot predicts the number of rate cuts in 2025 will be reduced to 2.

Futu NewsDec 19 03:33

Wall Street Pins Hopes On Friday's Crucial Fed Inflation Report: Miracle Needed To Shift Narrative

Benzinga01:13

A Record Year for ETF Launches Swells Global AUM to $15T

Seeking Alpha00:47

Major Indexes Are Higher Following US GDP and Jobless Claims Data.

Benzinga00:25

U.S. stock market open | The three major Indexes rebounded slightly; Growth Tech stocks generally rose, with NVIDIA climbing over 2%, and Accenture increasing nearly 7% after earnings.

The Federal Reserve lowered interest rates as expected but simultaneously showed a hawkish stance, causing the Dow Jones Industrial Average to plunge over 1,100 points overnight. The market's initial reaction to the Federal Reserve's policy may be overinterpreted, and the strong performance of the USA economy could drive the stock market further up.

Dec 19 23:32