The Federal Reserve cuts interest rates as scheduled, Dow Jones is on its longest decline in 50 years
The Federal Reserve has cut interest rates by 25 basis points as expected, suggesting a slowdown in the pace of rate cuts. The U.S. stock market fell, erasing earlier gains.
The Dow Jones Index is expected to fall for the tenth consecutive trading day, which would be the longest single-day decline since a streak of 11 days in October 1974. All eleven major sectors of the S&P 500 index were down, with real estate leading the decline.
Higher interest rates are typically seen as a drag on the stock market, increasing the appeal of lower-risk assets while suppressing companies' ability to increase earnings.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Arthur Hayes seeks to raise $250 million to establish a private equity firm

Dow Jones and S&P 500 futures turn higher, Nasdaq futures fall 0.1%
Sun Wukong surpasses 2 billions USDT in trading volume within one week of launch, with liquidity depth tripling
UBS upgrades its rating on the US stock market to "attractive"
Trending news
MoreCrypto prices
More








