US stock futures steady after Trump victory spurs record highs; Fed in focus
Investing.com-- U.S. stock index futures steadied in evening deals on Wednesday after Wall Street surged to record highs on Donald Trump winning the 2024 presidential election, with focus now shifting to the Federal Reserve.
Futures steadied after Wall Street rallied to record highs on Wednesday, as investors cheered the prospect of lower corporate taxes under Trump, while the possibility of a Republican sweep in Congress presented a clear path for major policy changes.Wall Street indexes shot up on Wednesday after several networks declared Trump as the winner in the 2024 presidential elections. The former president had maintained a clear lead over Kamala Harris from the early counting of votes.
Investors were seen sharply dialing back expectations for lower interest rates in the long-term, especially as Trump won a second term.Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
'Substantial majority' of Fed members backed jumbo rate cut in Sept: Fed minutes'Substantial majority' of Fed members backed jumbo rate cut in Sept: Fed minutes
Read more »
Fed's Daly: One or two more Fed rate cuts likely this yearFederal Reserve Bank of San Francisco President Mary Daly said on Wednesday that she 'fully' supported the Fed's half of a percentage-point interest-rate cut last month.
Read more »
Trump’s victory casts a shadow over the Federal ReserveThe Fed chair frequently drew Trump’s ire during his first presidential term.
Read more »
Fed to be cautious following Trump victory, Nomura says in hawkish shiftFed to be cautious following Trump victory, Nomura says in hawkish shift
Read more »
NC Newspaper Blasts Trump Over Falsehoods About Fed Response to HeleneFearless Independent Journalism
Read more »
Pro-Trump group sues fed agencies for allegedly concealing records on assassination attempt suspect Ryan RouthA Pro-Trump organization has filed a lawsuit against the DOJ, DHS, DOD, and the State Department for allegedly concealing records on second assassination attempt suspect Ryan Routh.
Read more »