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Wallstreetcn
2024.11.07 21:00

On the "Federal Reserve rate cut day," the S&P 500 index initially rose about 0.7%, with the telecommunications, technology, consumer discretionary, and real estate sectors rising at least 1.2%, while the financial sector fell 1.6%. The Nasdaq 100 index initially rose 1.5%, with Warner Bros. Discovery leading the way with an increase of over 11%—ranking third among S&P component stocks. Gilead Sciences, Intel, and Pinduoduo ADR rose at least about 4.5%, Tesla rose 3%, Google A and NVIDIA rose over 2%, while GlobalFoundries fell over 3%. JP Morgan initially fell 4.3%, American Express fell over 2.8%, and Goldman Sachs fell 2.2%, leading the decline among Dow component stocks, while Apple rose 2.1% and Boeing rose 2.5%, with Intel leading the gains

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