Oddbean

5 things to know before the stock market opens ========== The major indexes closed higher on Monday, with the Dow hitting a new record. Fed Chair Jerome Powell stated that the central bank isn't waiting to hit its inflation target before cutting rates. Former President Donald Trump made his first appearance since Saturday's assassination attempt. The major averages closed in the green on Monday. The Dow Jones Industrial Average jumped more than 200 points to 40,211.72. The S&P 500 gained 0.28% to close at 5,631.22. The Nasdaq Composite closed higher, advancing 0.4% to 18,472.57. The Federal Reserve isn't going to hold back on rate cuts before hitting its inflation target. Fed Chair Jerome Powell said that the central bank will look for "greater confidence" that inflation will return to the 2% level. Former President Donald Trump attended Day 1 of the Republican National Convention, where he was seen wearing a bandage over his right ear. General Motors may not have the capacity to produce 1 million all-electric vehicles in North America by the end of next year. Apple released a public beta version of the iOS 18 software that will launch alongside new iPhones later this year. #StockMarket #DowJones #FederalReserve #JeromePowell #DonaldTrump #RepublicanNationalConvention #GeneralMotors #Apple https://www.cnbc.com/2024/07/16/5-things-to-know-before-the-stock-market-opens-tuesday-july-16.html