Fed Rate Cut Alert: The Case for 50 bps?
AIC3.ai(AI) ZACKS·2024-09-05 07:15

Wednesday, September 4th, 2024Today’s regular stock market trading session was flat overall, following the worst single day for tech stocks in two years. Employment numbers inch closer, but until they do, the market looks reluctant to push or pull too severely in either direction. The Dow was +0.09% today, the S&P 500 -0.16%, the Nasdaq -0.30% and the small-cap Russell 2000 -0.19%.One thing we saw today is the apparent end of the bond-yield inversion after two-plus years: the 10-year rate is currently at +3 ...