S&P 500 Rallies to Record Highs Following Federal Reserve Rate Cut
The S&P 500 index achieved intra-day record highs after the Federal Reserve slashed interest rates by 50 basis points and signaled further cuts. Major stocks such as Tesla, Apple, and Meta Platforms saw significant gains.
BMO Capital Markets ups S&P 500 year-end target again to a Street high at 6,100
BMO Capital Markets on Thursday upped its year-end target for the S&P 500 (SP500) for a second time in 2024, with the brokerage now seeing the benchmark index reaching 6,100 points. BMO's new target is the highest on Wall Street,
S&P 500 closes at record high after Fed makes jumbo cut to US interest rates
Before Wednesday’s cut, US rates had been at their highest since 2001 as the Fed sought to bring down inflation from the biggest surge in a generation. But with consumer price inflation now at 2.5 per cent, close to the Fed’s 2 per cent target, the central bank has signalled more reductions to come.
BMO raises S&P 500 target for 2024 to 6,100 from 5,600
BMO Capital Markets on Thursday said it was raising its S&P 500 target for 2024 to 6,100 from 5,600. The benchmark index was last at 5,720, up 1.8% on the day, following Wednesday's Federal Reserve decision to kick off its monetary easing cycle with half-a-percentage point reduction.
BMO strategist predicts S&P 500 could surge to 6,100 following Fed rate cuts
S&P 500 has already rallied well over 20% this year but Brian Belski, the chief investment strategist of BMO Capital Markets, sees further gains in the months ahead. The benchmark index could climb further and hit the 6,
Stock Market Today: Dow, S&P 500 end nearly flat ahead of Fed interest-rate decision
The S&P 500 index is flirting with a new all-time high. The index traded at 5,667.95, briefly passing it's record close of 5,667.20, before trading slightly lower. The S&P 500 hit its last record ...
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Stocks Will Continue to Rally After Sharp Fed Rate Cut, Investors Say
The rally will likely be too modest to take the S&P 500 Index above 6,000 before next year, with 44% of the 173 respondents ...
Opinion: Stocks need to hold any gains after the Fed rate cut or the S&P 500 is at risk
A S&P 500 close well into new all-time high territory would be extremely bullish and eliminate worries. On the other hand, a ...
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S&P 500 Gains and Losses Today: Index Pops to All-Time High After Jumbo Rate Cut
The S&P 500 soared 1.7% on Thursday, Sept. 19, notching a record closing high a day after the Fed opted for an aggressive ...
S&P 500 ends little changed as early gains fade before Fed decision
U.S. stocks closed nearly unchanged on Tuesday, giving up earlier gains that had vaulted the S&P 500 and Dow Industrial ...
S&P 500 (SPX) today: The index opened down 0.11% in early trading
The S&P 500 opened today at 5,655.51. Within 30 minutes of trading, the benchmark index fell by 6.06 points, or 0.11%.
2 Unstoppable S&P 500 Dividend Stocks to Buy Before They Beat the Market Again
Instead of four equal quarterly distributions, AstraZeneca insists on two payments per year, with a greater portion announced ...
Dow, S&P 500 hit all-time highs, but labor market concerns linger
Some major stock indexes surged to all-time highs Thursday in the wake of the Federal Reserve’s announcement that it was ...