Major indexes are higher after the Federal Reserve cut interest rates by 50 basis points.
Portfolio Pulse from Benzinga Newsdesk
Major indexes rose following the Federal Reserve's decision to cut interest rates by 50 basis points.
September 18, 2024 | 6:01 pm
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POSITIVE IMPACT
The Dow Jones Industrial Average ETF (DIA) is likely to see a positive impact as major indexes rise following the Fed's interest rate cut.
The Fed's rate cut is generally seen as a positive for equities, leading to a rise in major indexes, including the Dow Jones, which DIA tracks.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
The Russell 2000 ETF (IWM) is expected to benefit from the Fed's rate cut, as small-cap stocks often react positively to lower interest rates.
Lower interest rates can boost small-cap stocks, which are represented by the Russell 2000 index, tracked by IWM.
CONFIDENCE 85
IMPORTANCE 65
RELEVANCE 75
POSITIVE IMPACT
The Nasdaq-100 ETF (QQQ) is likely to see gains as tech-heavy indexes rise following the Fed's interest rate cut.
Tech stocks, which are a major component of the Nasdaq-100, often benefit from lower interest rates, positively impacting QQQ.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
The S&P 500 ETF (SPY) is expected to rise as the broader market gains following the Fed's decision to cut interest rates.
The S&P 500, tracked by SPY, is likely to benefit from the Fed's rate cut, which is generally positive for equities.
CONFIDENCE 95
IMPORTANCE 75
RELEVANCE 85