Wall Street is selling pretty much everything heading into a widely expected quarter-point interest-rate cut.<\/p>\n
The Dow was down 165 points, or 0.4%. The S&P 500 was down 0.1%. The Nasdaq Composite was moving in and out of positive territory. But the latter two index moves are being boosted by a handful of Big Tech names like Tesla, Amazon, Apple, and Meta Platforms.<\/p>\n
Energy and consumer discretionary were the only major S&P 500 sectors gaining\u2014the former on the rise with WTI crude oil futures up 1.4%. Tesla and Amazon were lifting the latter.<\/p>\n
Taking a look at factor-focused exchange-traded funds that offer exposure to specific kinds of stocks, virtually all the noteworthy ones were down. That ranged from funds focused on momentum, to growth, small-caps, risk, and even dividends and low volatility.<\/p>\n
The yield on the 2-year Treasury note was down to 3.52% with bets on a quarter-point cut tomorrow at 96.1%. The other 3.9% is related to bets on a larger half-point cut.<\/p>\n","protected":false},"excerpt":{"rendered":"Wall Street is selling pretty much everything heading into a widely expected quarter-point interest-rate cut. The Dow was…\n","protected":false},"author":2,"featured_media":4974,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12],"tags":[138,220,111,139,69],"class_list":["post-26189","post","type-post","status-publish","format-standard","has-post-thumbnail","category-markets","tag-business","tag-markets","tag-new-zealand","tag-newzealand","tag-nz"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/26189","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/comments?post=26189"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/26189\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media\/4974"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media?parent=26189"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/categories?post=26189"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/tags?post=26189"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}