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Wall Street Pauses as Fed Meeting Looms: Futures Hold Steady

U.S. stock futures were little changed on Tuesday as investors awaited the start of the Federal Reserve’s final policy meeting of the year. The Dow Jones Industrial Average, S&P 500, and Nasdaq futures all hovered near flat, reflecting a cautious mood across Wall Street. The Fed is widely expected to keep interest rates unchanged, but traders are focused on Chair Jerome Powell’s comments and the central bank’s updated economic projections. Markets are looking for clues on when rate cuts might begin in 2024, with inflation cooling but still above the Fed’s long-term target. Recent gains in equities have been fueled by optimism that the Fed’s tightening cycle is over, yet uncertainty remains about how quickly monetary policy will shift toward easing. Until then, investors appear content to hold their positions, waiting for clearer signals from the Fed before making bold moves.
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Dow Hits 40,000 for the First Time as Bull Market Accelerates

Wall Street advanced into uncharted territory on Thursday, with the Dow Jones Industrial Average topping 40,000 for the first time after a blowout earnings report from Walmart cast a positive light on the U.S. economy. The Dow rose about 0.4%, closing at a new all-time high above the 40,000 threshold. Meanwhile, the S&P 500 added about 0.3%, just below a record finish, and the tech-heavy Nasdaq Composite gained 0.4%.

Investors are closely watching second-quarter results from major U.S. banks, including Goldman Sachs, which reported a profit surge of 150% amid investment banking strength. Additionally, BlackRock’s profit beat estimates as assets under management reached a record of $10.6 trillion.

The market’s focus also turned to the potential fallout from an assassination attempt on presidential candidate Donald Trump during a rally. Bets have increased on a win in November’s presidential election for the Republican frontrunner, who is seen as likely to cut taxes, raise trade tariffs, and ease up on regulation.

Fed Chair Jerome Powell’s remarks reinforced market expectations that rate cuts will arrive as soon as September, further influencing investor sentiment. Overall, it’s a dynamic time in the markets, and the Dow’s milestone reflects the ongoing bull market.

Remember to stay informed and keep an eye on market developments!

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