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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%.
Express News | The three major US stock indexes collectively fell, with the Dow Jones Industrial Average and the S&P 500 Index both hitting new intraday highs.
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.
Express News | Federal Reserve Chairman Powell: It should not be assumed that a 50 basis point rate cut represents a new rhythm.
Express News | Federal Reserve Chairman Powell: The Federal Reserve will accelerate, slow down, or pause interest rate cuts as appropriate.