Previous Close | 4.7200 |
Open | 4.7000 |
Bid | 0.4000 |
Ask | 0.7000 |
Strike | 1,830.00 |
Expire Date | 2024-09-30 |
Day's Range | 4.3700 - 4.7200 |
Contract Range | N/A |
Volume | |
Open Interest | 86 |
The stock market closed lower after the S&P 500 initially jumped to a record high on a big Fed rate cut. Here's what to do.
Wall Street wavered near its records after the Federal Reserve kicked off its efforts to prevent a recession with a bigger-than-usual cut to interest rates. The Dow Jones Industrial Average fell 0.2%, and the Nasdaq composite gave back 0.3%. Because the Fed’s first cut to interest rates in four years was so well telegraphed, and markets had already moved so much in anticipation of it, Wall Street’s reactions weren’t that big despite the momentous move by the Fed. Treasury yields edged higher.
Small-caps were surging in the wake of the Federal Reserve's first rate cut since 2020. The Russell 2000 was up 1.3%, topping the other major indexes. For months, some market participants bought shares ...