The Federal Reserve cut the Funds rate by 25 basis points, bringing it to 3.50%-3.75%, the lowest since 2022. Future rate decisions will be data-dependent, with Chair Powell emphasizing a neutral range. Yields dropped across the curve post-rate cut, boosting Treasury debt prices.
The market rallied post-Fed rate cut, with all major indices up. Oracle’s underwhelming earnings tempered the gains. Energy sector surged, with oil and natural gas prices climbing. Gold and silver prices rose. Cryptocurrency market saw volatility. Analysts review daily reports for investment ideas.
Wall Street saw upgrades for Ferrari, J.B. Hunt, Roku, Synopsis, Tilray, Unity Software, and Visa. Downgrades included Alcon, Citizens Financial, Intuitive Surgical, PayPal, Truist Financial, and Valero Energy. New initiations for Alphatec, American Eagle Outfitters, BridgeBio Pharma, Gorilla Technology Group, Shift4 Payments, and Trinity Capital.
Retirement planning isn’t just about investments; it’s about distribution. Answering three questions could lead to retiring earlier than expected. Market prices rallied post-Fed rate cut, impacting various sectors. Analysts issued upgrades, downgrades, and initiations for multiple companies.
Read more at Yahoo Finance: American Eagle Outfitters, Ferrari, Intuitive Surgical, Roku, PayPal, Synopsis, Visa, and More
