This week’s Fed meeting will mark the end of the first phase of rate cuts, with a more cautious approach and an uncertain outlook on further adjustments in a changing economic context.
On Wall Street, the S&P 500 rises a bit on Monday, as investors await a major Federal Reserve meeting scheduled for this week.
The broad market index advanced 0.3%, while the Nasdaq Composite gained 0.5%. The Dow Jones Industrial Average remains near the flat line, having started the session with a seven-day downward streak.
The Federal Reserve will begin sTwo-day monetary policy meeting on Tuesdayand is expected to announce a quarter-point rate cut by the end of Wednesday. Key for investors will be forward guidance on upcoming policy moves.
What Wall Street expects
The stock market is coming off a weak week. The Dow lost 1.8% last week and has fallen in each of the last seven sessions. The S&P 500 fell 0.6%, with declines in four of the last five sessions. The Nasdaq, on the other hand, outperformed the other indices, achieving a rise of 0.3% for the week.
After a broad rally following Donald Trump’s victory in the November election, the market appears to have returned to a more limited move led by the technology sector in recent days.
wall street markets
Reuters
“The breadth we’re seeing is really starting to dissipate a little bit. It is becoming a much more concentrated rally in a few names. And I don’t know how long that can be sustained, but there’s a chance it will continue at least through the end of the year,” Joe Mazzola, chief trading and derivatives strategist at Charles Schwab, said Friday on Closing Bell: Overtime. .”
Source: Ambito
I am an author and journalist who has worked in the entertainment industry for over a decade. I currently work as a news editor at a major news website, and my focus is on covering the latest trends in entertainment. I also write occasional pieces for other outlets, and have authored two books about the entertainment industry.
