Vythialingam Ehampathasan Mohan @VEMohan3
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Hello Everyone, Portfolio down by 0.42% at the time of writing. >>>>Market today. 1.The S&P 500 moved up 0.3%, the Nasdaq Composite added 0.42% and the Dow Jones rose 0.15%. The signal that a rate cut was coming helped push stocks higher after the markets flatlined for the morning and early afternoon, 2.U.S. President Donald Trump said Tuesday that he had a “very good” phone conversation with Chinese President Xi Jinping. The two leaders will hold an “extended meeting” at the G-20 summit on June 28-29 in Osaka. 3. The Fed will do what it can to keep the economic expansion going. But while eight FOMC members see rates falling later this year, there wasn't much support to move rates immediately, Powell said. The one exception was James Bullard of the St. Louis Federal Reserve Bank, who voted for a rate cut today. 4.“Members of the Fed handed the markets what they were looking for by now predicting rate cuts,” said Bryce Doty, senior vice president at Sit Investment Associates. “I can’t help feeling that many will see that a precedent has been set: Higher trade tariffs bring rate cuts.” <a href="/markets/jpn225" class="e-link">$JPN225</a> <a href="/markets/aus200" class="e-link">$AUS200</a> <a href="/markets/eustx50" class="e-link">$EUSTX50</a> <a href="/markets/esp35" class="e-link">$ESP35</a> <a href="/markets/fra40" class="e-link">$FRA40</a> <a href="/markets/usdollar" class="e-link">$USDOLLAR</a> <a href="/markets/dj30" class="e-link">$DJ30</a> <a href="/markets/nsdq100" class="e-link">$NSDQ100</a> <a href="/markets/spx500" class="e-link">$SPX500</a> <a href="/markets/ger30" class="e-link">$GER30</a> <a href="/markets/uk100" class="e-link">$UK100</a> <a href="/markets/china50" class="e-link">$China50</a> <a href="/markets/oil" class="e-link">$OIL</a> ... Show More