S&P 500, Nasdaq close higher as Fed minutes lift investors’ hopes for a September rate cut: Live updates
Publishing timestamp: 2024-08-21 18:31:54
Summary
The S&P 500 advanced after the Federal Reserve's policy meeting reinforced hope for lower rates in the near future. The market is anticipating a rate cut next month, with traders pricing in a 100% chance. Stocks like Target and TJX saw gains, while Macy's and American Express faced declines. The market is also awaiting commentary from Fed Chair Jerome Powell at the Jackson Hole Economic Symposium.
Sentiment: MIXED
Tickers: KEYS, .RUT, MS, C, CEIX, JD, .VIX, WFC, DG, @ND.1, DIVO, @DJ.1, ARCH, BAC, AXP, .SPX, JPM, F, TJX, TOL, .IXIC, ADI, EL, M, TGT, .STOXX, AMZN, .DJI, GS, TXN, @SP.1, NVDA, MCHP,
Keywords: target corp, nasdaq 100 fut (mar'23), jerome powell, tjx companies inc, prices, dow jones fut (mar'23), russell 2000 index, s&p 500 index, breaking news: markets, united states, markets, analog devices inc, nasdaq composite, s&p 500 fut (mar'23), cboe volatility index, business news, economic events, stock markets, macy's inc, dow jones industrial average,
Source: https://www.cnbc.com/2024/08/20/stock-market-today-live-updates.html