Jerome Powell S&P U.S. Market News 

S&P Sharply Drops, Analyst Says its Sensible to Re-Enter After Retracement

On July 31, the U.S. Federal Reserve and its chairman Jerome Powell officially announced a 25-basis point cut. The U.S. stock market and the S&P 500 reacted with a sharp correction, indicating that the rate cut has been priced into the equities markets. The S&P 500 has dropped by more than one percent following the Fed’s rate cut. | Source: Yahoo Finance Kathryn Rooney Vera, chief markets strategist at Bulltick Capital Markets, said in an interview with CNBC prior to the rate cut that the market is likely to react…

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Dow Jones S&P U.S. Market News 

Is a Meteoric Rise Awaiting?

In one spectacular quarter, the U.S. stock market has almost fully recovered from its 2018 correction with the Dow Jones nearing 26,000 points and the S&P 500 surpassing November levels. Since December 24, the Dow Jones has rebounded from 21,792 points to 25,928 points by 18.9 percent and the S&P 500 demonstrated a similar performance, rising from 2,351 points to 2,834 points by 20 percent. Strong recovery of the Dow Jones since December, recording a 18.9% increase (source: Yahoo Finance) While strategists remain cautious on the near-term performance of the…

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