Stock market today: Dow, S&P 500, Nasdaq end little changed as Wall Street's Fed rate cut conviction runs high
View original at finance.yahoo.comStock market today: Dow, S&P 500, Nasdaq end little changed as Wall Street's Fed rate cut conviction runs high US stocks closed mixed on Thursday as Wall Street digested fresh jobs data, with traders increasingly baking in expectations that the Federal Reserve will deliver a December rate cut…
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Some senior bond market participants would have preferred Rick Rieder or Christopher Waller as Fed chair candidates, seen as more independent from Trump than Hassett
80% confidenceTraders pricing in 87% probability of 25 basis point rate cut on Thursday afternoon, down from 90% on Wednesday but up from 83.4% a week ago
80% confidenceUS Treasury solicited feedback on Hassett and other Fed chair candidates in conversations with major Wall Street banks, asset management giants and big debt market players
80% confidenceTraders pricing in 89% probability of Fed rate cut in December
80% confidenceNetflix argued that bundling its offerings with HBO would help lower costs for consumers
80% confidenceSentiment toward food retailers seems to have soured a bit over the past few months, including for Kroger
80% confidenceBond investors told US Treasury they are concerned about Kevin Hassett's potential appointment as Fed chair, worrying he will cut rates aggressively to please Trump
80% confidenceFive Below has seen really nice traffic growth and growth in both new customers as well as retention
80% confidenceTrump called Jerome Powell a 'stubborn mule' for the central bank's decision to only modestly lower borrowing costs this year
80% confidenceGrowth driven by expansion of value concept; roughly 80% of assortment is $5 and below with focus on value at $7, $10, $15
80% confidenceK-shaped economy may hold up despite having investors on edge
80% confidenceThe consumer and competitive environment has grown notably tougher for food retailers
80% confidenceMark Zuckerberg planning to cut up to 30% of Meta's metaverse budget
80% confidence