Keep an Eye on 3 S&P 500 Bank Stocks With Biggest Weekly Declines
Keyp(KEY) ZACKS·2024-09-09 21:35
Historically, September has been a sluggish month for the stock market, a trend that continued this year, with the S&P 500 Index declining 4.4% in the first week. With the Federal Reserve's first interest rate cut since March 2020 in focus, investors are on the edge. This was further compounded by a significant cooling down of the job market, sparking recession fears. Hence, the market participants are now expecting a sizable rate cut at the two-day FOMC meeting on Sept.17-18. As the broader market witnesse ...