Stock Market Today: Dow Futures Reach New Heights Amid Fed Rate Cut Speculation
Tuesday, 17 September 2024, 02:57
Market Overview
In today's stock market, Dow futures are holding record highs as speculation about a looming Fed rate cut intensifies. This situation has sparked optimism among investors, leading to notable movements in key stocks.
Key Stock Movements
- Microsoft stock is up 2% after announcing a significant dividend hike and a new $60 billion buyback program.
- Intel shares jumped 8% following news of its foundry business becoming an independent subsidiary and its collaboration with Amazon Web Services on chip designs.
- Dell Technologies saw a 2% increase after an Outperform rating with a target price of $135 was issued by Mizuho.
- SolarEdge Technologies, however, faced a decline of 5% after Jefferies downgraded the stock from Hold to Underperform, reducing its price target from $27 to $17.
Conclusion on Market Trends
As we witness record highs in the stock market, the potential Fed rate cut remains a focal point for investors, driving up valuations of key players in various sectors.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.