Breaking News
0

Stocks- U.S. Futures Jump on Prospect of Fed Rate Cut

Stock MarketsJun 20, 2019 06:47AM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
© Reuters.

Investing.com - U.S. futures jumped on Thursday as investor sentiment was boosted after the Federal Reserve kept open the possibility of rate cuts in the future.

Policymakers signaled on Wednesday that they would be willing to cut rates in order to combat slowing global growth and cooling inflation. Fed central bankers slashed their rate outlook for the rest of the year, according to the Fed’s dot plot projections, while Chairman Jerome Powell said at a press conference that many agree the case for lowering rates is increasing.

Tech-heavy NASDAQ 100 futures jumped 90 points or 1.2% by 6:46 AM ET (10:46 GMT), while Dow futures rose 211 points or 0.8% and S&P 500 futures inched up 24 points or 0.8%.

Central banks around the world could soon take the Fed’s lead. The Bank of Japan left interest rates unchanged overnight, but signaled it could provide stimulus measures in light of escalating global risks.

Meanwhile the Bank of England is expected to keep rates steady this morning.

Oracle (NYSE:ORCL) surged 5.9% in premarket trade after its quarterly profit beat estimates, while Advanced Micro Devices (NASDAQ:AMD) gained 2.4% and Intel (NASDAQ:INTC) was up 1.4%.

Boeing (NYSE:BA) jumped 1.6% on news that it is in talks with airlines for its grounded 737 Max models after it received a letter of intent for 200 plans from IAG (LON:ICAG).

Facebook (NASDAQ:FB) was up 1.2%, while Tesla (NASDAQ:TSLA) inched up 0.2% after it tumbled to third place in the face for U.S. residential solar installations.

In commodities, crude oil jumped 3.5% to $55.84 a barrel. Gold futures gained 2.7% to $1,384.85 a troy ounce while the U.S. dollar index, which measures the greenback against a basket of six major currencies, fell 0.4% to 97.208.

Stocks- U.S. Futures Jump on Prospect of Fed Rate Cut
 

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind: 

  • Enrich the conversation
  • Stay focused and on track. Only post material that’s relevant to the topic being discussed.
  • Be respectful. Even negative opinions can be framed positively and diplomatically.
  •  Use standard writing style. Include punctuation and upper and lower cases.
  • NOTE: Spam and/or promotional messages and links within a comment will be removed
  • Avoid profanity, slander or personal attacks directed at an author or another user.
  • Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
Comments
Silverbug 19
Silverbug 19 Jun 21, 2019 12:59AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Gold 1400
Tom OKray
Tom OKray Jun 20, 2019 8:51AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Don't be surprised if no cut this year as the economic indicators are mixed at best. No true upward or downward direction.
sheoshankar singh
sheoshankar singh Jun 20, 2019 7:39AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Cut and soon there will be nothing to cut. Then you will have the mother of all recesion
Jedrek Zak
Jedrek Zak Jun 20, 2019 7:38AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
the rate is 2.5%. leave it. let the markets fall to where they fall to. let the economy have a recession. the more they try to stop or delay these 2 things, the worse they will be when they finally happen.
Charlie Jr U
Charlie Jr U Jun 20, 2019 7:38AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
totally agree with you, we are heading to a great depression, but they dont want to scare the people
Suman Jutur
Suman Jutur Jun 20, 2019 7:24AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
ridiculous. absolutely no reason for the market to ask for a rate cut.
Taylor Jason
Taylor Jason Jun 20, 2019 7:11AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
10+ years of global easing with no results and now markets are happy for further easing? what's next central banks owning 30%+ of their treasury bonds outstanding (EU)? when will people realize the central banks have failed? and how much longer will people believe in them? RIP fiat currencies (coming soon)
Bob Fz
Bob Fz Jun 20, 2019 7:11AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
exactly. but everyone lives in the now. that's why investors are driving the market higher on what really is not good news
Sapar Baimakhanov
Sapar Baimakhanov Jun 20, 2019 7:06AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
insane
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Continue with Google
or
Sign up with Email