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International Business Times UK
International Business Times UK
Niloy Chakrabarti

Here's Why These AI and Storytech Stocks Surged Double Digits on a Volatile Tuesday

Disney the US Federal Reserve US Fed Webtoon United States BigBear TipRanks Webtoon Entertainment
The US Fed's rate cut decision will be announced today. (Credit: energepic.com/Pexels.com)

Major US equity indexes like the S&P 500, Dow Jones Industrial Average, and the Nasdaq Composite declined on Tuesday despite positive economic data on retail spending, industrial production, and growing business inventories.

The volatility came ahead of today's upcoming interest rate decision by the US Federal Reserve. Markets are pricing in a 25 bps rate cut amid weakness in the labour market, while some traders are expecting a 50 bps rate cut.

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