Home HomeSwedenLivingWorld world_2_fill WorldBusiness BusinessSports sports-soccer SportsEntertainmentEntertain

Downward trend in the USA after Fed's double rate cut

Published: 18 September 2024
Downward trend in the USA after Fed's double rate cut
Photo: Yuki Iwamura/AP/TT

The American central bank, Federal Reserve, decided on a double rate cut on Wednesday.

Trading before the interest rate decision was cautious and the cut did not lead to any violent index movements on the New York Stock Exchange. The leading indexes initially rose after the decision, but later fell back.

Broad S&P 500, Dow Jones industrial index, and tech-heavy Nasdaq all closed 0.3 percent.

Sonde manufacturer Intuitive Machines surged around 38 percent after an agreement with the American space agency that can be worth up to 4.8 billion dollars.

Aircraft manufacturer Boeing, where tens of thousands of employees have been striking for better wages since Friday, said on Wednesday that the company will begin laying off personnel. The stock fell 0.8 percent.

Trading in Tupperware Brands, the American manufacturer of kitchen utensils and various types of containers, was stopped. The company has applied for bankruptcy protection.

Places
Organisations
TTT
By TTThis article has been altered and translated by Sweden Herald

More news

New York Stock Exchange at a new record level
1 MIN READ

New York Stock Exchange at a new record level

Germany plans for stock market listing of Uniper
2 MIN READ

Germany plans for stock market listing of Uniper

Turkish interest rate remains at 50 percent
1 MIN READ

Turkish interest rate remains at 50 percent

British interest rate remains at 5 percent
1 MIN READ

British interest rate remains at 5 percent

Leading chains raise petrol price
1 MIN READ

Leading chains raise petrol price

Snuff Company Celebrates Budget News
1 MIN READ

Snuff Company Celebrates Budget News

New Legal Battle Looming between Apple and EU
1 MIN READ

New Legal Battle Looming between Apple and EU

The Winners: "High-Income Groups"
1 MIN READ

The Winners: "High-Income Groups"

Central Bank Paves the Way for Double Cut from Riksbanken
2 MIN READ

Central Bank Paves the Way for Double Cut from Riksbanken

PRO on the budget: "It's appalling"
2 MIN READ

PRO on the budget: "It's appalling"

The Norwegian Krone Rises After Interest Rate Announcement
1 MIN READ

The Norwegian Krone Rises After Interest Rate Announcement

Damberg: The Budget is a Mockery of Ordinary People
2 MIN READ

Damberg: The Budget is a Mockery of Ordinary People

How Your Economy is Affected by the Budget
2 MIN READ

How Your Economy is Affected by the Budget

Lower Taxes - Most for High-Income Earners
3 MIN READ

Lower Taxes - Most for High-Income Earners

Svantesson's next challenge: Unemployment
2 MIN READ

Svantesson's next challenge: Unemployment

Setback for Electric Car Demand in Europe
2 MIN READ

Setback for Electric Car Demand in Europe

Profit warning from electronics manufacturer
1 MIN READ

Profit warning from electronics manufacturer

Strong stock market upswing after lowered US interest rate
2 MIN READ

Strong stock market upswing after lowered US interest rate

Slow in e-commerce – more choose foreign low-price
1 MIN READ

Slow in e-commerce – more choose foreign low-price

The Budget: Lower Taxes to Support Households
3 MIN READ

The Budget: Lower Taxes to Support Households