SPDR Dow Jones Industrial Average ETF Trust Declares Monthly Distribution of $1.2227
Tom Lee Explains Why 'Fewer Cuts In 2025' Could Boost The Market, Urges Investors To 'Buy The Dip' Amid Recent Volatility
Will a bloody storm arise again in the US stock market? The largest "Triple Witching Day" in history is coming!
On Friday, Eastern Time, the US stock market will face "Triple Witching Day," with $6.6 trillion in Stocks, ETFs, and Index-related Options about to expire, potentially becoming the largest in history. "Triple Witching Day" coincides with a critical period following the Federal Reserve's "hawkish rate cut" that triggered a sell-off in US stocks, and the USA will release important PCE data, which is expected to cause significant market fluctuations.
The "hawkish" rate cuts by the Federal Reserve have frightened Wall Street, and the bullish investors are refusing to buy on the dips.
After nearly two years of an almost unparalleled bull market in history, the stock market is in a dangerous position.
House Rejects Trump-Endorsed Backup Plan To Prevent Government Shutdown And Suspend Debt Limit: Lawmakers Chant 'Hell No'
The Dow barely ended its longest continuous decline in 50 years, Micron fell by 16%, the US dollar reached a two-year high again, and US bonds, oil, and Bitcoin all dropped.
U.S. stock market's other Indexes turned down towards the end, Tesla rose by nearly 4% before closing down, NVIDIA reached a high of 4%, and Micron Technology had its steepest decline in five years. The yield on the 10-year U.S. Treasury bonds briefly increased by nearly 10 basis points approaching 4.60%, close to a seven-month high, while short-term bond yields fell, with the 2/10-year yield spread at its widest in two and a half years. The Bank of England held rates steady, but more officials supported a rate cut, leading to a decline in the British Pound. The Governor of the Bank of Japan suppressed interest rate hike expectations, causing the yen to fall towards 158, and the offshore renminbi briefly dropped below 7.32 yuan to its lowest in 15 months. Bitcoin fell by 5%, approaching $0.096 million. Spot Gold rose by 1.6% before narrowing back below $2,600, while the futures silver fell by 5%, and U.S. crude oil fell below $70.
OceansWave : It will be an interesting Friday.. possible chances that US government will shutdown too by end of Friday (US).
Bet Powell had already planned for this as Trump tariff plan is gonna add stress to the US economy.. making the US currency strong is the only options.. so that foreign items they buy will be cheaper through currency and the tariff would not be too big an impact