Wall Street ticks slightly higher ahead of presumed Fed interest rate cut
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Wall Street rose slightly on Sep 18, 2024, as markets anticipated the first Fed interest rate cut in over four years; S&P 500 and Dow Jones futures up less than 0.1%; current federal funds rate at 5.25%-5.50%; Fed raised rates 11 times since early 2022 to combat high inflation; analysts predict a half-point or quarter-point cut; Tupperware Brands fell 7.5% after filing for Chapter 11 bankruptcy; 23andMe shares dropped over 9% after board resignations; Microsoft partnered with Blackrock and MGX to raise $30 billion for data centers; Japan's trade deficit was 695 billion yen ($4.9 billion) in August; dollar slipped to 141.90 yen; U.S. crude oil down to $69.45 per barrel.

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https://www.pbs.org/newshour/economy/wall-street-ticks-slightly-higher-of-presumed-fed-interest-rate-cut