The Federal Reserve cut interest rates by 25 basis points, marking the lowest level since 2022. However, Fed Chair Jerome Powell hinted at a possible pause in further rate cuts for the rest of the year. Still, the S&P 500 gained 0.2%, and the Nasdaq gained 1%, both hitting fresh record highs.
Gold remained flat at $3,950 an ounce after Powell warned that a December rate cut is not guaranteed. Potential progress on the US-China trade framework has also reduced some safe-haven demand.
In corporate earnings, Microsoft beat expectations but saw a ~2.5% drop in after-hours trading due to a slight miss in cloud revenue. Meta posted strong results but fell ~8% after hours, driven by concerns over capital expenditure. Alphabet exceeded earnings and revenue forecasts, with strong performance across Search, YouTube, and Cloud, sending shares up ~5% in after-hours trading.
Přesné datum a čas těchto významných ekonomických událostí naleznete na stránce BlackBull Markets Ekonomický kalendář a dostávat upozornění přímo do e-mailové schránky.
Trading involves risk and may not be suitable for all investors. The information provided in this article is for educational purposes only and does not constitute financial advice. Always conduct thorough research and seek professional advice before making any investment decisions.
