S&P 500 Gains and Losses Today: Index Drops as Fed Cuts Rates but Signals Caution
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The S&P 500 index dropped as the Federal Reserve cut interest rates by a quarter of a percentage point but signaled caution due to persistent inflation concerns. This suggests a more restrained approach may be needed in 2025.
December 18, 2024 | 10:30 pm
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NEGATIVE IMPACT
The iShares S&P 500 ETF (IVV) is likely to be impacted by the drop in the S&P 500 index following the Fed's rate cut and cautious outlook due to inflation concerns.
IVV, an ETF that tracks the S&P 500, will likely see a negative impact as the index itself dropped following the Fed's decision to cut rates but signal caution due to inflation. The ETF's performance is directly tied to the S&P 500's movements.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80