Federal Reserve, Stock Market
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US stocks closed mixed on Wednesday after the Federal Reserve cut interest rates for the first time this year. Fed officials voted in favor of a 25 basis point reduction, a move highly anticipated by the market,
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The Fed, in a near-unanimous decision, lowered rates by 25 basis points. But that brought markets little cheer.
Dow, S&P 500, and Nasdaq futures are rising in premarket trading as the stock market digests the Federal Reserve's latest interest-rate decision.
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A regulatory filing from the company, as well as the Federal Reserve's rate cut confirmation, is sending Opendoor stock flying. Opendoor is expanding its reach. The company filed
U.S. stock and bond trading will halt on Monday for the Labor Day holiday. Both markets will resume with a normal schedule on Tuesday. 1 2 Bond traders will next get a break on Columbus Day, which falls on Oct. 13, and then again on Nov. 11, for Veterans Day.
D-Wave Quantum Inc. (QBTS) saw a 2.53% increase in after-hours trading, reaching $23.11, building on Wednesday’s 18.76% rally as investors reacted positively to the Federal Reserve’s monetary policy and the company’s strong regional performance.
United States stock markets will be closed on Monday, Sept. 1 in observance of Labor Day. The Nasdaq and the New York Stock Exchange will be closed on the day and will reopen on Tuesday, Sept. 2. The U.S. bond market will also be closed on Sept. 1, according to the Securities Industry and Financial Markets Association.