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Barchart
Barchart
Rich Asplund

Stocks Recover on Fed Rate Cut Expectations

The S&P 500 Index ($SPX) (SPY) today is up by +0.18%, the Dow Jones Industrials Index ($DOWI) (DIA) is up by +0.47%, and the Nasdaq 100 Index ($IUXX) (QQQ) is down by -0.06%.  December E-mini S&P futures (ESZ25) are up +0.16%, and December E-mini Nasdaq futures (NQZ25) are down -0.08%.

Stock indexes shook off early losses and traded mixed as bond yields fell on expectations that today’s weaker-than-expected Nov ADP employment report will prompt the Fed to lower interest rates at next week’s FOMC meeting. The 10-year T-note yield is down -2 bp to 4.07%.

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