Stockchase-logo
Track Stocks Watchlist
Top Picks Today
=iconClose Home All Opinions Top Picks Stocks Experts Top Experts Panic-proof Top 100 Stocks Monthly gems News
Watchlist Track Stocks
Top Picks Today
Home » Daily

Fed cuts 50 points, stocks fade

Allan Tong Posted On September 18, 2024
0
0
Shares
  • Share On Facebook
  • Tweet It

On Wednesday afternoon, the U.S. Fed’s Jerome Powell cut interest rates by 50 basis points, signalling the end of its inflation fight. The street had been split between 25 and 50 points. Markets initially rallied, but faded into the close. The three American indices and the TSX all finished down by roughly a third of a percent while the U.S. 10-year yield actually edged up to 3.7%.

Key movers on Wall Street: Intel -3.26%, Albemarle -3.6%, T-Mobile -2.97%, Nvidia -1.92% and Apple up 1.8%. Bitcoin slipped US$400 to US$59,730.

Only three TSX sectors were positive, health care by far, while materials and utilities led the laggards. Winners included Bausch Health by 11.78%, NFI Group 3.75% and BCE 3.34% after selling its stake in MLSE’s sports teams to Rogers. Losers included Aya Gold &Silver -4.51% and Silvercrest Metals -4.48%. WTI sank 1.6% to US$70 a barrel while gold slipped US$12 to $2,557.

💾 Intel (INTC-Q) -3.26%

⛏ Albemarle Corp (ALB-N) -3.6%

📱 T-Mobile US (TMUS-Q) -2.97%

💾 NVIDIA Corporation (NVDA-Q) -1.92%

🍎 Apple Inc (AAPL-Q) +1.8%

👨‍⚕️ Bausch Health Companies Inc. (BHC-T) +11.78%

⚙ NFI Group Inc (NFi-T) +3.75%

📱 BCE Inc. (BCE-T) +3.34%

⛏ Aya Gold & Silver (AYA-T) -4.51%

🥈 SilverCrest Metals Inc (SIL-T) -4.48%

0
Shares
  • Share On Facebook
  • Tweet It




Trending Now
This Week's Stock Picks & BNN Top Picks Summary: XYL-N, FTS-T and 15 Stock and 3 ETF Top Picks (Jun 27-Jul 03)
Melisa R. H. July 4, 2025
JULY Gems
Allan Tong July 3, 2025
Post-Fed rally
Read Next

Post-Fed rally

  • logo

    We’re fintech passionates that reinvest almost all our revenues into the development of Stockchase and Wealthica. We hope you enjoy Stockchase and join Premium!

  • Top Reviews

    • Questrade Review: Pros & Cons of Trading with Questrade Canada (2023)
      8.5
    • The Ugly Truth About Identity Theft – Free Credit Report
      7
    • Questrade vs Others | The Review Competitors Don’t Want you to Read (2023)
  • Popular Posts

    • This Week's Stock Picks & BNN Top Picks Summary: XYL-N, FTS-T and 15 Stock and 3 ETF Top Picks (Jun 27-Jul 03)
    • JULY Gems
    • Weekly 52-Week Low (or 52-Week High): BSX-T, TBL-T, IB-X, GOLD-T and More 52-Week Highs and Lows (Jun 25-Jul 01)
    • Most Anticipated Earnings: GPV-X, RVX-T and more Canadian Companies Reporting Earnings this Week (Jun 30-Jul 04)
  • Stock Lists

    • Unraveling 15 of the Best Natural Gas Stocks: A Canada-USA...
      November 10, 2023
    • 13 Recession-Proof Stocks for Portfolio Safety
      October 26, 2023
    • The Ultimate Top Drone Stocks List for Sky-High Returns...
      October 25, 2023
    • Top Hotel Stocks to Buy for your Growth Portfolio
      October 12, 2023
    • Which Brookfield Stock to Buy? BAM vs BN: the Inspiring...
      October 9, 2023



  • Stockchase neither recommends nor promotes any investment strategies.

    About us : Privacy & Terms : Contact us

© Stockchase Inc.
Press enter/return to begin your search