S&P 500, Dow Jones Hit Record Highs: Magnificent 7 Add $400 Billion After Fed's Historic Interest Rate Cut
Portfolio Pulse from Piero Cingari
The S&P 500 and Dow Jones reached record highs following the Federal Reserve's unexpected 50-basis-point interest rate cut. The 'Magnificent Seven' tech giants, including Microsoft, Apple, and NVIDIA, led the market rally. Strong labor market data further boosted investor confidence, with analysts now anticipating more rate cuts.
September 19, 2024 | 2:33 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Apple, a key player in the 'Magnificent Seven', saw its stock rise by 3.02% as part of the Dow's top performers after the Fed's rate cut.
Apple's significant gain as part of the 'Magnificent Seven' and top Dow performer highlights its positive response to the Fed's rate cut.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 85
POSITIVE IMPACT
Airbnb saw a 5.27% increase, making it one of the top S&P 500 performers after the Fed's rate cut.
Airbnb's strong performance as a top S&P 500 performer reflects a positive market response to the Fed's rate cut.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Amazon, part of the 'Magnificent Seven', saw gains between 1.5% to 4.5% as the market rallied post-Fed rate cut.
Amazon's gains as part of the 'Magnificent Seven' highlight the positive market response to the Fed's rate cut.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
American Express saw a 2.67% increase, making it one of the top Dow performers after the Fed's rate cut.
American Express' strong performance as a top Dow performer reflects a positive market response to the Fed's rate cut.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Caterpillar saw a 2.71% increase, making it one of the top Dow performers after the Fed's rate cut.
Caterpillar's strong performance as a top Dow performer indicates a positive market reaction to the Fed's rate cut.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Cadence Design Systems saw a 4.40% increase, making it one of the top S&P 500 performers after the Fed's rate cut.
Cadence Design Systems' strong performance as a top S&P 500 performer indicates a positive market reaction to the Fed's rate cut.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Salesforce was among the top Dow performers with a 3.01% gain following the Fed's rate cut.
Salesforce's significant gain as a top Dow performer indicates a strong positive reaction to the Fed's rate cut.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Darden Restaurants was the top performer in the S&P 500 with a 7.46% gain following the Fed's rate cut.
Darden Restaurants' significant gain as the top S&P 500 performer indicates a strong positive reaction to the Fed's rate cut.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Alphabet, part of the 'Magnificent Seven', contributed to the market rally with gains between 1.5% to 4.5% following the Fed's rate cut.
Alphabet's inclusion in the 'Magnificent Seven' and its gains reflect the positive impact of the Fed's rate cut on tech stocks.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Alphabet, part of the 'Magnificent Seven', contributed to the market rally with gains between 1.5% to 4.5% following the Fed's rate cut.
Alphabet's inclusion in the 'Magnificent Seven' and its gains reflect the positive impact of the Fed's rate cut on tech stocks.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Goldman Sachs saw a 2.80% increase, making it one of the top Dow performers after the Fed's rate cut.
Goldman Sachs' strong performance as a top Dow performer reflects a positive market response to the Fed's rate cut.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Lam Research Corporation saw a 4.34% increase, making it one of the top S&P 500 performers after the Fed's rate cut.
Lam Research's strong performance as a top S&P 500 performer reflects a positive market response to the Fed's rate cut.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Meta Platforms, part of the 'Magnificent Seven', saw gains between 1.5% to 4.5% following the Fed's rate cut.
Meta's inclusion in the 'Magnificent Seven' and its gains reflect the positive impact of the Fed's rate cut on tech stocks.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Microsoft, part of the 'Magnificent Seven', saw gains between 1.5% to 4.5% following the Fed's rate cut, contributing to the S&P 500's record high.
Microsoft is part of the 'Magnificent Seven' that led the market rally, benefiting from the Fed's rate cut and strong labor market data.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
NVIDIA, part of the 'Magnificent Seven', saw a 4.33% increase, making it one of the top S&P 500 performers after the Fed's rate cut.
NVIDIA's strong performance as part of the 'Magnificent Seven' and top S&P 500 performer indicates a positive market reaction to the Fed's rate cut.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Tesla, part of the 'Magnificent Seven', saw gains between 1.5% to 4.5% as the market rallied post-Fed rate cut.
Tesla's gains as part of the 'Magnificent Seven' highlight the positive market response to the Fed's rate cut.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80