Stocks are up today as investors prepare for an update from the Federal Reserve concerning cuts to interest rates.
Investors are hoping that the Fed is looking into lowering interest rates as its battle on inflation seems to have worked. October Consumer Price Index (CPI) data showed inflation cooling, which has many believing there won’t be an interest rate increase in December.
To build on that, traders are now wondering when the Fed will start to drop interest rates. As it is now, current estimates claim there’s a 30% chance that the Fed will introduce an interest rate decrease during its March meeting.
To go along with that, traders will be able to pour over the minutes of the latest Fed meeting tomorrow. With that data available, there’s sure to be more talk about how long interest rates will remain at current levels, as well as when experts expect them to start falling once more.
Keeping all of this in mind, let’s check out how the major stock indices are performing below!
Stocks Up Today: Major Indices Rising
- Starting us off today is the S&P 500 and its 0.43% increase as of Monday morning.
- Next on our list is the Dow Jones Industrial Average and its 0.3% rise this morning.
- Closing out our coverage of the major indices is the Nasdaq Composite with a 0.75% gain today.
Investors looking for even more of the most recent stock market news today will want to keep reading!
We have coverage of all the hottest stock market news that traders need to know about on Monday! Our coverage includes investors betting on Nio (NYSE:NIO) stock, a look at if markets are closed on Thanksgiving and an analyst upgrade for Dutch Bros (NYSE:BROS) stock. You can find out more on these matters at the following links!
More Stock Market News for Monday
- 5 Investors Betting Big on NIO Stock
- Is the Stock Market Closed for Thanksgiving 2023?
- Dutch Bros (BROS) Stock Gains on JPMorgan Upgrade
On the date of publication, William White did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
