Wall Street mixed, Dow hits another high
STORY: U.S. stocks finished mixed on Friday although the Dow Jones Industrial Average notched another closing high.
This comes one day after a strong rally driven by a larger than usual half-point interest rate cut by the Federal Reserve.
The Dow rose one tenth of one percent while the S&P 500 dropped two tenths, and the Nasdaq lost nearly four tenths.
Markets expect the Fed to keep lowering borrowing costs, with the odds of another half-point reduction at the central bank’s November meeting now sitting at 50 percent...
while the chance of a quarter-point move is also 50%, according to CME's FedWatch Tool.
But BMO Family Office Chief Investment Officer Carol Schleif said the messaging from policymakers has not been that clear cut.
“They warned us, again, still that they'll be very data dependent. They'll take it meeting by meeting. They're not promising at all that they're going to continue at a 50-basis point rate or even a quarter basis point rate, but they're trying to give some clarity to business owners that they've started the series of cuts. They'll be very data dependent on how they do it, but they definitely did not want to get behind the curve.”
Stocks on the move included FedEx, which sunk 15% after lowering its full-year revenue forecast.
Nike climbed about 7% after saying former senior executive Elliott Hill will rejoin the company to succeed John Donahoe as CEO.
And Intel added more than 3% after the Wall Street Journal reported Qualcomm made an offer to buy the semiconductor company.
相關影片推薦
- 1:40早晨天氣節目(11月14日上午8時) - 科學主任梁浩明香港天文台7,915 次觀看・5 小時前
- 0:27長沙灣25米高大樹倒塌無人傷now.com 影音新聞31,972 次觀看・6 小時前
- 1:56《職業特工隊:最終清算》電影預告Yahoo Movies HK50,956 次觀看・1 天前
- 0:43科大計劃增聘100位教職員now.com 影音新聞67,838 次觀看・2 天前
- 2:24早晨天氣節目(11月13日上午8時) - 科學主任梁恩瑜香港天文台9,248 次觀看・1 天前
- 0:44OPEC連續第4個月下調今明兩年全球石油需求增長預測現代電視3,512 次觀看・1 天前
- 4:29《焚城》專訪|梁仲恆日曬雨淋變人乾 建議廖子妤、王丹妮搞女團?Yahoo Movies HK58,760 次觀看・2 天前
- 1:49黃昏天氣節目(11月13日下午6時) - 科學主任岑翊琳香港天文台4,383 次觀看・19 小時前
- 4:50豬扒食譜|香口嫩滑煎豬扒 手把手教大家預先處理豬扒小秘訣周靈山317,826 次觀看・1 週前
- 2:05中國鄭州大學生瘋「夜騎」影片曝 傳破20萬人參與 多所大學宣布封校Yahoo 國際通182,787 次觀看・2 天前
熱門必看
- 3:33【娛樂訪談】《黑色月光》床上戲被叉頸 林夏薇反而最驚有雙下巴Yahoo OMG Videos6,202 次觀看・2 小時前
- 5:10胡‧說樓市|10月樓市轉旺,但旺量不旺價?Yahoo財經125,376 次觀看・2 天前
- 3:09【娛樂訪談】《出租大叔》張達倫:九運淨係中女?大叔都啱!Yahoo OMG Videos134,978 次觀看・5 天前
- 4:04【娛樂訪談】《黑色月光》暗黑林夏薇血拼楊茜堯再遇上「霍景良」…Yahoo OMG Videos113,120 次觀看・6 天前
- 1:20自助餐優惠|實測WM Hotel驚喜蟹主題Buffet!75折起任食焗蟹蓋/蟹粉流沙天使麵/即開生蠔Yahoo Video HK150,487 次觀看・1 週前