Dow Holds Tepid Gains as Fed Eyes First Rate Cut in 11 Years

Dow Holds Tepid Gains as Fed Eyes First Rate Cut in 11 Years


By CCN Markets: The Dow and broader U.S. stock market rose on Monday, as investors shifted focus to a high-profile central-bank meeting that could lay the groundwork for the first interest rate cut in more than a decade. Dow Holds Gains; S&P 500, Nasdaq Follow All of Wall Street’s major indexes reported gains on Monday, reflecting a positive pre-market for Dow futures. The Dow Jones Industrial Average climbed 48.51 points, or 0.2%, to 26,138.12. The broad S&P 500 Index of large-cap stocks gained 0.2% to 2,893.20. Six of 11 primary sectors reported gains, led by communication services. The sector rose

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Posted by Sam Bourgi on June 17, 2019 @ https://www.ccn.com/market-news/dow-holds-tepid-gains-as-fed-eyes-first-rate-cut-in-11-years/2019/06/17/

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