Tech leads stocks into Fed decision

From the creator

#stocks #inflation #YahooFinance #recession #bitcoin #Biden #Stockmarket #coronavirus #memestocks #Fed #YahooFinance #investing #stockmarket #crypto To get the latest market news check out finance.yahoo.com The Fed's next policy decision is less than 30 minutes away. Here's a look at where markets sit before Federal Reserve Chair Jerome Powell's closely followed press conference at 2:30 p.m. ET. The S&P 500 (^GSPC) was up 0.6%, while the tech-heavy Nasdaq Composite (^IXIC) moved up than 1.2% as shares of chip heavyweight Nvidia (NVDA) and e-commerce giant Amazon (AMZN) rose to new highs. Broadly, Big Tech led the market action, with all of the "Magnificent Seven" tech stocks up more than 1% on the day, led by more than 3% pop in Meta (META). In bonds, a recent move higher in yields took a breather, with the 10-year Treasury yield (^TNX) falling about 7 basis points to 4.35%. Below is a look at the sector action for the day where Information Technology (XLK) is leading the way. For more on this article, please visit: https://finance.yahoo.com/news/live/stock-market-today-sp-nasdaq-hit-records-as-fed-cuts-rates-post-election-rally-rolls-on-170425519.html

Published 2024-11-26 · Watch on YouTube ↗
Availability and playback restrictions are controlled by the original channel.