Stocks Settle Mixed as Fed Comments Suggest a Rate Cut Pause
View original at nasdaq.comStocks Settle Mixed as Fed Comments Suggest a Rate Cut Pause The S&P 500 Index ($SPX) (SPY) on Friday closed down -0.05%, the Dow Jones Industrials Index ($DOWI) (DIA) closed down -0.65%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed up +0.06%…
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82% of reporting S&P 500 companies exceeded forecasts, on course for best quarter since 2021, with Q3 earnings up 14.6% vs expectations of 7.2%
80% confidenceParamount, Comcast, and Netflix are preparing to bid for Warner Bros Discovery
80% confidenceThe six-week government closure reduced real GDP growth in the current quarter by 1.5 percentage points, with more than half potentially recovered early next year
80% confidenceFurther cuts in interest rates won't do much to patch over any cracks in the labor market but could have longer-lasting effects on inflation as commitment to 2% objective increasingly comes into question
80% confidenceThe October jobs report will be released without the unemployment rate
80% confidenceRecent pullback in DoorDash stock is a buying opportunity
80% confidenceIt would be hard to support another rate cut unless there is convincing evidence that inflation is coming down faster than expectations or more than gradual cooling in labor market
80% confidence