Dow Holds Tepid Gains as Fed Eyes First Rate Cut in 11 Years

  By CCN Markets: The Dow and broader U.S. stock market rose on Monday, as investors shifted focus to a high-profile central-bank meeting that could lay the groundwork for the first interest rate cut in more than a decade. Dow Holds Gains; S&P 500, Nasdaq Follow All of Wall Street’s major indexes reported gains on Monday, reflecting a positive pre-market for Dow futures. The Dow Jones Industrial Average climbed 22.92 points, or 0.1%, to 26,112.53. The broad S&P 500 Index of large-cap stocks gained 0.1% to 2,889.67. Six of 11 primary sectors reported gains, led by communication services. The sector

The post Dow Holds Tepid Gains as Fed Eyes First Rate Cut in 11 Years appeared first on CCN Markets

source https://www.ccn.com/market-news/dow-holds-tepid-gains-as-fed-eyes-first-rate-cut-in-11-years/2019/06/17/

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