Pre-markets Advance Ahead of FOMC Rate Cut
Pre-markets are continuing their upward trend, with three major indexes advancing to all-time highs, except for the small-cap Russell 2000, which is slightly off.
The current market standings are:
- Dow: +79 points, +0.16%
- S&P 500: +13 points, +0.19%
- Nasdaq: +88 points, +0.34%
- Russell 2000: -2 points
A 25 basis-point interest rate cut is expected from the Fed at today's Federal Open Market Committee (FOMC) meeting, bringing the Fed funds rate down to 3.75-4.00%, the lowest since mid-December 2022.
No direct quote available in the text.
Author's summary: Markets advance ahead of expected FOMC rate cut.
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