Wednesday, July 31, 2019

Why is the Fed is cutting rates? It's the stock market, stupid!

The Fed knows the markets priced in a cut, and it's terrified of freaking out the market.
CNN Business: Markets Now
 
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News: What you need to know about the markets
 
 
Why is the Fed is cutting rates? It's the stock market, stupid!
The Fed knows the markets priced in a cut, and it's terrified of freaking out the market. Read more »
 
Dow plunges after Powell says not to expect further rate cuts
The Dow fell as much as 450 points Wednesday afternoon after Federal Reserve Chairman Jerome Powell said that the quarter-point rate cut that the Fed had approved earlier in the day was a one-off. Read more »
 
Fed cut rates for the first time since 2008
The Federal Reserve is poised to cut interest rates on Wednesday for the first time since the 2008 financial crisis to extend the longest economic expansion in US history. Read more »
 
Wait, so, why is the Fed cutting rates, exactly?
The economy is strong. Unemployment is historically low. Consumer confidence is high. So why, exactly, is the Federal Reserve expected to cut rates Wednesday? Read more »
 
GE burns through another $1 billion. But its outlook is improving
General Electric burned through another $1 billion in cash during the second quarter, but the struggling conglomerate continues to make headway in recovering from a disastrous past few years. Read more »
 
Dollar General has a new beauty brand for under $5 and it's going viral
The makeup world is filled with celebrities endorsing big brands in expensive advertisements. But Dollar General's humble, $5-and-under cosmetics line has gone viral, thanks to social media beauty bloggers. Read more »
 
 
 
 
Dow Nasdaq S&P
-333.75   -98.19   -32.80
26,864.27   8,175.42   2,980.38
-1.23%   -1.19%   -1.09%
YTD +15.16%   YTD +23.21%   YTD +18.89%
 
Biggest Winners
Nordstrom Inc +7.89%
 
Aptiv PLC +7.45%
 
Edison International +6.08%
 
Moody's Corp +5.98%
Biggest Losers
Advanced Micro Devices Inc -10.10%
 
Maxim Integrated Products Inc -7.70%
 
Micron Technology Inc -5.42%
 
Molson Coors Brewing Co -5.15%
Hottest ETF
Hottest ETF
NYSE Market Volume
NYSE Market Volume
Key Market Stats Latest Today's Change
Oil $57.88 -0.70 / -1.19%
Gold $1,414.30 -11.80 / -0.83%
10-yr 2.02% -0.04
Euro $1.11 -0.01 / -0.71%
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