How Geopolitical News and Fedspeak Influence Stocks Performance
Thursday, 4 April 2024, 20:14
Stocks Performance Overview
Everything was going well with the stocks with the major indices all higher earlier in the day:
- Dow intraday high reached up 294 points
- S&P intraday high reached up 45.11 points
- Nasdaq intraday high reached up 190.59 points
- Russell 2000 intraday high reached up 25.26 points
Geopolitical Impact
At the close, the final numbers show a different story due to geopolitical news (Iran's planned retaliation in Israel) and conflicting Fedspeak on rate cuts. Dow, S&P, NASDAQ, and Russell 2000 all closed lower.
Fedspeak Analysis
Despite hawkish statements from Fed officials, there are still high probabilities of rate cuts in the upcoming months: 69% in June, 82% in July, and 95% in September.
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.