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SCCO

Southern Copper shares are experiencing an uptick, likely influenced by the broader market's positive reaction to the Federal Reserve's decision to cut interest rates by 50 basis points.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2024 | 6:36 pm

CVNA

Carvana shares are experiencing an uptick in trading due to overall market strength following a 50 basis point rate cut by the Federal Reserve.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2024 | 6:33 pm

SPY

Federal Reserve Chair Powell stated that the FOMC is focused on its dual mandate. Consumer spending remains resilient, supply conditions have improved, and GDP growth is expected to remain solid. The labor market has cooled, showing a notable step down from earlier this year.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2024 | 6:33 pm

GLD

QQQ

SPY

TLT

XLB

XLE

The Federal Reserve cut interest rates by 0.5%, marking the first cut since March 2020, and setting the target fed funds rate between 4.75% and 5%. This decision led to a rise in the S&P 500 and gold prices, with various ETFs and stocks reacting differently. The SPDR S&P 500 (SPY) rose by 0.39%, while the Materials Select Sector SPDR Fund (XLB) showed strength, and the Energy Select Sector SPDR Fund (XLE) weakened. The SPDR Gold Trust (GLD) increased by 1.01%, and the Invesco QQQ Trust (QQQ) rose by 0.64%. Meanwhile, the iShares 20+ Year Treasury Bond ETF (TLT) fell by 0.39%.

Portfolio Pulse from Adam Eckert

September 18, 2024 | 6:32 pm

AIOT

APLT

CBUS

LUNR

NNE

WHLR

U.S. stocks rose after the Federal Reserve cut interest rates by 0.5%, marking the first rate cut in over four years. Intuitive Machines, Applied Therapeutics, and PowerFleet saw significant stock price increases due to positive company-specific news, while NANO Nuclear Energy, Wheeler Real Estate Investment Trust, and Cibus experienced declines.

Portfolio Pulse from Avi Kapoor

September 18, 2024 | 6:31 pm

SPY

Federal Reserve Chair Jerome Powell has started a news conference, which could impact market expectations and movements. Investors are closely watching for any hints on future monetary policy changes.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2024 | 6:30 pm

GLD

IWM

SPY

TLT

UUP

The Federal Reserve cut interest rates by 50 basis points, surprising analysts who expected a smaller cut. This move led to a decline in the U.S. dollar and a rise in gold prices, S&P 500, and small-cap stocks. The Fed's projections indicate further rate cuts in the coming years.

Portfolio Pulse from Piero Cingari

September 18, 2024 | 6:26 pm

BTCUSD

Bitcoin investor Lark Davis suggests a potential 'massive bull run' for Bitcoin, drawing parallels to 2020. Factors like expected Fed rate cuts, upcoming elections, and increased global liquidity could drive this surge. Davis anticipates short-term volatility but maintains a bullish long-term outlook.

Portfolio Pulse from Khyathi Dalal

September 18, 2024 | 6:14 pm

EWZ

EWZS

FLBR

Brazil is expected to raise interest rates due to a heated economy and inflation concerns, contrasting with the U.S. Fed's recent rate cut. This has led to mixed performance in Brazil-focused ETFs.

Portfolio Pulse from Michael Juliano

September 18, 2024 | 6:13 pm

RDFN

Z

ZG

Housing-related stocks are seeing a rise in share prices following a 50 basis point rate cut by the Federal Reserve, which is expected to boost housing demand.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2024 | 6:12 pm