AllPennyStocks.com Indexes Provide Delayed Reaction to Fed Rate Cut
AllPennyStocks.com

Indexes Provide Delayed Reaction to Fed Rate Cut

September 19,2024 08:02 am EST

Indexes Provide Delayed Reaction to Fed Rate Cut

U.S. stock futures climbed higher Thursday as traders digested the Federal Reserve's Wednesday decision to lower interest rates by a half percentage point.

Futures for the Dow Jones Industrials hiked 503 points, or 1.2% to 42,412.

Futures for the S&P 500 inched forward 94.5 points, or 1.7%, at 5,774.25.

Futures for the NASDAQ advanced 422 points, or 2.1%, to 20,002.50.

Nvidia and AMD shares popped more than 3% each. Micron Technology traded more than 2% higher.

The Fed slashed its overnight lending rate to a range of 4.75% to 5% from 5.25% to 5.5% on Wednesday, which came as a surprise to some investors who criticized the size of this initial cut. This is the first rate reduction delivered by the Fed in four years.

In Japan, the Nikkei 225 hiked 2.1% Thursday, while in Hong Kong jumped 2%

Oil prices strengthened 57 cents to $71.48 U.S. a barrel.

Gold prices gained $16.10 to $2,614.70

Currencies

Other Penny Stock Movers

Gold Explorer Sees Action After Signing MOU
 Read More
Healthcare Shares Pop On FDA Clearance
 Read More
Micro Cap Soars +20% Following Subsidiary Agreement Announcement
 Read More
Most Popular
1
Targeting Cancer's Achilles Heel: AI-Driven DDR Therapies Offer Hope
2
Healthcare Shares Pop On FDA Clearance
3
Micro Cap Soars +20% Following Subsidiary Agreement Announcement
4
Silver Miner Trading Higher After News of a "Bought Deal"
5
OceanGate Founder Crashed a Submersible Years Before Titan Disaster - The New York Times
6
Iconic Tupperware Brands seeks Chapter 11 bankruptcy


Back to Top
Site Links:
Premium Services / Email Newsletter:
Social Media:
RSS Feed:
Partners:
© Copyright 2024 AllPennyStocks.com Media Inc. All rights reserved. Nasdaq Stocks: Information delayed 15 minutes. Non-Nasdaq Stocks: Information delayed 20 minutes.
Bid and Ask quotation information for NYSE and AMEX securities is only available on a real time basis. Data is provided by QuoteMedia.com.
© Copyright 1999 – 2024. AllPennyStocks.com Media Inc.
All rights reserved.