Investors will be closely watching comments from several Federal Reserve officials next week, including remarks from Fed Chair Jerome Powell at the U.S. Treasury Market Conference. Following the recent rate cut, Fed officials’ insights into the economy and inflation trends will be critical in shaping market expectations for future monetary policy.
Despite an initial dip after the Fed’s announcement, markets rallied on Thursday. The S&P 500 and Dow Jones initially reached record highs, reflecting Wall Street’s positive reception of the Fed’s policy change. However, market volatility persisted, with stocks swinging between gains and losses throughout the trading session.
On Tuesday, US stocks opened higher, supported by positive industrial data and strong retail sales that pointed to growing consumer confidence. Dow Jones Industrial Average (DJIA) opened higher by 101.7 points at 41723.78, while S&P 500 opened up by 22.44 points lower at 5655.51 and Nasdaq opened positive by 114.89 points at 17707.02.