The S&P 500 (SP500) on Friday added 1.36% for the week to end at 5,702.53 points, posting gains in three out of five sessions. Its accompanying SPDR S&P 500 ETF Trust (NYSEARCA:SPY) climbed 1.11% for ...
The Fed announced a 50-basis-point cut in interest rates this week, marking its first reduction since March 2020. This should ...
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"Free-riding cash is going to be going away," said Brendan McCarthy, global head of ETF distribution at Goldman Sachs Asset Management, in a phone interview. "Now that the Fed is easing, people are ...
The central bank's aggressive rate cut has suddenly made bets on corporate debt, homebuilders, and local banks more ...
Among the megabanks, Goldman Sachs Group Inc. (GS) jumped 4%, JPMorgan Chase & Co. (JPM) advanced by 1.5%, Bank of America Corp. (BAC) rose 2.8% and Morgan Stanley (MS) moved up 1.6%. Citigroup Inc.
Technology stocks were flat to higher premarket Thursday as the Technology Select Sector SPDR Fund ( XLK) was up 2.4% and the SPDR S&P Semiconductor ETF ( XSD) was inactive recently.
Markets are bouncing Wednesday afternoon following the Federal Reserve’s decision to cut rates by 0.5%, marking the beginning of the central bank’s highly anticipated cutting cycle.
Gold prices climbed after the Fed’s rate decision, with after-hours gold futures and SPDR Gold shares both higher from being flat before confirmation of the cut.
Regional bank stocks have rallied in the past three months, outperforming the broader financial services sector as investors bet on a series of rate cuts from the Federal Reserve starting today. The a ...