Live Nasdaq Composite: Markets Eye Fresh Highs Amid Cooling Mideast Tensions
Live Updates Live Coverage Updates appear automatically as they are published. Rate Cut Horizon 9:48 am by Gerelyn Terzo While Fed Chairman Jerome Powell has been avoiding interest rate cuts at all costs in 2025, the pendulum could swing in the opposite direction next year. At least that is what Morgan Stanley experts believe, predicting […] The post Live Nasdaq Composite: Markets Eye Fresh Highs Amid Cooling Mideast Tensions appeared first on 24/7 Wall St..
Live Updates
Updates appear automatically as they are published.
Rate Cut Horizon
While Fed Chairman Jerome Powell has been avoiding interest rate cuts at all costs in 2025, the pendulum could swing in the opposite direction next year. At least that is what Morgan Stanley experts believe, predicting that the Fed will implement a whopping six rate cuts in 2026.
The Nasdaq Composite is up 0.64%.
This article will be updated throughout the day, so check back often for more daily updates.
Now that a ceasefire between Iran and Israel appears to be more stable, the markets are breathing a sigh of relief – at least for now. Stocks are mixed but leaning toward optimism, with the Nasdaq Composite and S&P 500 advancing slightly while the Dow Jones Industrial Average trails behind.
The broader markets are inching ever closer to clinching fresh all-time highs, with the S&P 500 now approaching a new record. Yesterday, the tech-focused Nasdaq 100 index set a new record, with data analytics software stock Palantir Technologies’ (Nasdaq: PLTR) 90% year-to-date advance serving as a tailwind.
With record highs within sight, Wall Street bulls are circling. Analyst firm BMO is the latest Wall Street firm to increase its year-end S&P 500 target. BMO’s Chief Investment Strategist Brian Belski raised the firm’s S&P 500 2025 forecast to 6,700, up from 6,100 previously.
Here’s a look at the performance as of morning trading:
Dow Jones Industrial Average: Down 50.23 (-0.12%)
Nasdaq Composite: Up 119.15 (+0.60%)
S&P 500: Up 11.02 (+0.18%)
Wall Street Moves
Bernstein is bullish on digital asset exchange Coinbase (Nasdaq: COIN), calling this crypto play “misunderstood” and implying there is room for 50% gains in the share price.
Loop Capital analysts raised their price target on Nvidia (Nasdaq: NVDA) by $75 to $250 while maintaining a “buy” rating on the leading AI stock. This move makes Loop Capital the most bullish Wall Street firm on Nvidia stock in terms of the price target.
Microsoft (Nasdaq: MSFT) is also getting some bullish attention. Wells Fargo increased its price target on MSFT shares by $20 to $585 with an “overweight” rating still attached.
FedEx (NYSE: FDX) stock is losing 5.2% on the day after revealing a massive $170 million impact related to tariffs.
Tesla (Nasdaq: TSLA) is down 5% on heightened competition out of China for EVs.
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