Live Nasdaq Composite: Markets Seek Optimistic Close to Whipsaw Week
Live Updates Live Coverage Updates appear automatically as they are published. Interest Rate Horizon 10:04 am by Gerelyn Terzo While Jerome Powell and the Fed left interest rates unchanged this time around, there could be good news for the markets on the horizon. Fed Governor Christopher Waller revealed that an interest rate cut could be […] The post Live Nasdaq Composite: Markets Seek Optimistic Close to Whipsaw Week appeared first on 24/7 Wall St..
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Interest Rate Horizon
While Jerome Powell and the Fed left interest rates unchanged this time around, there could be good news for the markets on the horizon. Fed Governor Christopher Waller revealed that an interest rate cut could be on the horizon as soon as July amid a cooling inflationary economy. President Trump previously said that a rate cut would serve as “rocket fuel” for the markets.
The Nasdaq Composite is now up 0.24%.
This article will be updated throughout the day, so check back often for more daily updates.
In a week filled with escalating Middle East tensions and a Fed meeting, the markets are attempting to finish on a positive note. President Trump has mentioned potential negotiations between Israel and Iran, giving traders and investors reason for optimism. All three major stock market averages opened higher, including a 0.56% gain in the Nasdaq Composite. Most sectors of the economy are gaining ground today, led by energy stocks amid a rising crude oil price amid the heightened Middle East tensions.
Big Tech stocks are seeing green this morning. Amazon (Nasdaq: AMZN) is up 0.75%. The e-commerce giant is teaming up with SK Group to pour billions ($5 billion) into an AI-powered data center in South Korea. For those keeping score, Tesla (Nasdaq: TSLA) is recouping some recent losses with a 2.5% jump today. The Nasdaq Composite is relatively flat over the past five trading sessions.
Here’s a look at the performance as of morning trading:
Dow Jones Industrial Average: Up 217.19 (+0.54%)
Nasdaq Composite: Up 128.41 (+0.66%)
S&P 500: Up 33.39 (+0.58%)
Market Movers
Professional services company Accenture (NYSE: ACN) is missing out on today’s gains, falling 8% after its quarterly results showed booking weakness. Accenture’s revenue surpassed estimates, but the markets are seeing the glass half empty.
Carmax (NYSE: KMX) is up 2.7%. After reporting quarterly results, the stock is benefiting from rising demand for used vehicles, especially as the auto sector faces ongoing tariff pressures.
Kroger (NYSE: KR) is up 5.6% today on the heels of its mixed Q1 earnings results.
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