Dow, Market Pulls Back After Rate Cut But Lower Guidance for 2025
Dow, Market Pulls Back After Rate Cut But Lower Guidance for 2025
After falling into correction territory, The Dow reversed its gains for the day after the FOMC released a decision to cut target rates by 25 basis points.
道琼斯指数在当天反转了其涨幅， 联邦公开市场委员会 发布了将目标利率削减25个基点的决定。
The rate cut was expected, but the Fed's dot plot and economic projection were worse than last time: the committee only expects two cuts next year and a PCE inflation rate to fall to 2.5% by the end of 2025, instead of the previously hoped for 2.1%.
此次降息是预期中的，但美联储的点阵图和经济预测比上次更差：委员会预计明年仅会有两次降息，个人消费支出(PCE)通胀率预计到2025年底将降至2.5%，而之前希望降至2.1%。
After the news, the $Dow Jones Industrial Average (.DJI.US)$ fell 0.48%, the $Nasdaq Composite Index (.IXIC.US)$ fell 0.44%, and the $S&P 500 Index (.SPX.US)$ fell 0.45%.
在资讯发布后， $道琼斯指数 (.DJI.US)$ 下跌了0.48%， $纳斯达克综合指数 (.IXIC.US)$ 下跌了0.44%，而 $标普500指数 (.SPX.US)$ 下跌了0.45%。
After falling into correction territory, $NVIDIA (NVDA.US)$ has turned things around and is trading 3% higher. $Broadcom Inc (AVGO.CA)$ fell 4.25%.
在陷入调整区域后， $英伟达 (NVDA.US)$ 已经扭转局面，交易上涨了3%。 $Broadcom Inc (AVGO.CA)$ 下跌了4.25%。
In other stock news, $Nissan Motor (ADR) (NSANY.US)$ shares jumped more than 20% on news of a possible merger with $Honda Motor (HMC.US)$ . Honda shares are off 2.6%.
在其他股票新闻中， $日产汽车(ADR) (NSANY.US)$ 在有关可能合并的资讯中，股价上涨超过20%。 $本田汽车 (HMC.US)$ 本田的股价下跌了2.6%。
