Powell aces tricky Fed transition to ending interest rate cuts, doing ’100% the right things’

October 30, 2019 By: adminbackup

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The iPhone trade-in program is booming, and saving Apple’s earnings

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Bulls Rally in Final Hour as Fed Cuts Rates

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U.S. markets were tepid ahead of the Fed’s decision on interest rates with the major averages showing weakness on the open but some strength ahead of the news. As expected, a quarter-point reduction was announced with the action muted as Wall Street awaited further developments.Fed Chairman Jay Powell’s comments afterwards were once again scrutinized but this time helped sentiment as the...

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Markets Tentative Ahead of Fed’s Decision on Interest Rates

October 29, 2019 By: adminbackup

U.S. markets were slightly weak to start Friday’s action following a couple of high profile earnings misses and slightly disappointing economic news. However, the major indexes got a lift following signs the U.S. and China are close to finishing some sections of the phase one trade accord. Treasury Secretary Steve Mnuchin and U.S. Trade Representative Robert Lighthizer held a phone call with...

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S&P 500 Hits New High: Sign Of A Shift In The Market

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Fed set to cut rates, GDP report, Apple earnings: 3 things to watch in Wednesday’s markets

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