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US stocks close slightly lower, trade choppy after Fed rate cut

2024-09-19 03:09:03| The Economic Times

U.S. stocks ended with modest losses on Wednesday after the Federal Reserve cut interest rates by 50 basis points, the first reduction in over four years. The Dow, S&P 500, and Nasdaq all experienced intraday highs before closing lower. Small cap stocks and regional banks saw gains, while trading remained choppy throughout the day.


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Teamsters will sit out of presidential election, but one Chicago-area local endorses Vice President Kamala Harris

2024-09-19 01:24:52| Chicago Tribune news - Business

The Teamsters decision to forgo an endorsement is a break in tradition: the union has for years backed Democrats for president.


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Bank of England expected to hold interest rates at 5%

2024-09-19 01:01:19| BBC News | Business | World Edition

Economists are betting on rates being held in September with a cut to come in November instead.


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