Stocks rise as Fed supports rate-cut forecast, Magnificent Seven stocks drive gains

From Nasdaq: 2025-03-19 15:39:50

The S&P 500, Dow Jones, and Nasdaq are all up today, with futures also showing positive gains. The FOMC meeting results were as expected, with no change to interest rates and guidance for future cuts. Investors are optimistic despite increased economic uncertainty.

The Magnificent Seven stocks, including Tesla and Nvidia, are driving market gains. Mortgage applications fell, with a rise in 30-year fixed rates. Geopolitical tensions in the Middle East are impacting stocks. Investors have shifted to underweight US stock holdings, with cash levels rising.

Boeing, Autodesk, Signet Jewelers, Venture Global LNG, and Affirm Holdings are among the top stock movers today. Mosaic and RTX Corp also saw gains, while HealthEquity and Intel faced losses. General Mills and Gilead Sciences reported negative news impacting their stock prices.

European bond yields are falling, while interest rates in the US are slightly higher. Eurozone economic data shows mixed results. Overseas markets are experiencing a mixed day. Key earnings reports are expected on March 19, including Five Below and General Mills.



Read more at Nasdaq: Stocks Jump as Fed Backs Rate-Cut Forecast