Sep 23rd Stock Market Update - the market grinds higher

As rate cuts are expected to slow down for the remainder of this year, the market moves slowly higher

Author

Mukund Mohan
September 23, 2024

Market

“Minneapolis Fed President Neel Kashkari said he expects policymakers to dial down the pace of interest rate cuts after last week's half percentage point reduction.” 😊 😋

The indices went slightly higher on news of EVs from GM finally gaining traction

Tesla and Meta led the way, but the financials including JP Morgan, Visa and Mastercard headed higher on expectations of good earnings in a few weeks.

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