From Investing.com: 2024-09-15 20:02:56

U.S. stock index futures stayed steady before the Fed meeting, where interest rates are expected to be cut. Markets were cautious after an attempted assassination on Donald Trump. Nasdaq rose to 5,693.25 points, while Dow Jones steadied at 19,768.75 points and S&P 500 rose to 41,858.0 points.

Traders split over potential Fed rate cuts, with a 50% chance of a 50 basis point cut or a 25 bps cut. Wednesday’s decision will impact Fed’s strategy to ease monetary policy. Lower rates expected to boost equities in the future.

Wall Street saw tech stocks rise last week, driving indexes nearer to record highs. Technology stocks benefited from bargain buying and AI hype. Broader market also rose, driven by bets on interest rate cuts. Nasdaq surged 4% to 5,626.02 points, while Dow Jones rose 2.6% to 41,393.78 points.

Limited market reaction to news of a second assassination attempt on Trump outside his golf course in Florida. Gunman engaged by Secret Service agents, later apprehended by police. Trump unharmed during incident, potentially the second attempt on his life.



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