Dow Jones Futures: Stock Market Reverses Lower Despite Big Fed Rate Cut; What To Do Now

Blockhead09-19

Dow Jones futures rose slightly after hours, along with S&P 500 futures and Nasdaq futures after volatile market action following the Federal Reserve rate cut. The stock market initially jumped ...

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Here's what to do.","collect":0,"end_time":0,"defaultTopTitle":"investors.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"SH":"标普500反向ETF","XLE":"SPDR能源指数ETF","OEF":"标普100指数ETF-iShares","XLF":"金融ETF","SPY":"标普500ETF","DASH":"DoorDash, Inc.","ARKG":"ARK Genomic Revolution ETF","AAPL":"苹果","IE00BK4W5L77.USD":"HSBC GLOBAL FUNDS ICAV US EQUITY INDEX \"HC\" (USD) ACC","XLI":"工业指数ETF-SPDR","ARKK":"ARK Innovation ETF","IVV":"标普500指数ETF","2NVD.UK":"2X NVIDIA ETP","ANET":"Arista Networks, Inc.","META":"Meta Platforms, Inc.","L":"洛斯公司","XHB":"房屋建筑商指数ETF-SPDR","3NVD.UK":"LS 3X NVIDIA","XLV":"健康照护类股ETF-SPDR","VOO":"Vanguard标普500ETF",".SPX":"S&P 500 Index","OEX":"标普100","FFTY":"Innovator IBD 50 ETF","IGV":"北美软件ETF-iShares","FDN":"First Trust Dow Jones Internet I","SSO":"两倍做多标普500ETF","XME":"金属与采矿指数ETF-SPDR","TSLA":"特斯拉","SDS":"两倍做空标普500ETF","BK4567":"ESG概念","EVS.SI":"MSCI China Electric Vehicles and Future Mobility ETF-NikkoAM","NVDA":"英伟达","SPXU":"三倍做空标普500ETF","SMH":"半导体指数ETF-HOLDRs"},"translate_title":"道琼斯期货：尽管美联储大幅降息，股市仍反转走低；现在怎么办","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"XME":1,"US2Y.BOND":1,"US12M.BOND":1,"US10Y.BOND":1,"US30Y.BOND":1,"US3Y.BOND":1,"SMH":1,"US5Y.BOND":1,"US6M.BOND":1,"US7Y.BOND":1,"IGV":1,"XHB":1,"XLE":1,"FFTY":1,"XLV":1,"ANET":1,"ARKG":1,"ARKK":1,"XLF":1,"DASH":1,"XLI":1,"NQmain":0.9,"TSLA":0.9,"SPY":0.9,"NVDA":0.9,"VOO":0.9,"FDN":0.9,"AAPL":0.8,"META":0.7,"US912797GW17.BOND":0.6,"US912797HE00.BOND":0.6,"SH":0.6,"SSO":0.6,"SPXU":0.6,".SPX":0.6,"SDS":0.6,"OEX":0.6,"OEF":0.6,"L":0.6,"IVV":0.6,"ESmain":0.6,"EVS.SI":0.6,"3NVD.UK":0.6,"2NVD.UK":0.6},"content_text":"Dow Jones futures rose slightly after hours, along with S&P 500 futures and Nasdaq futures after volatile market action following the Federal Reserve rate cut.\nThe stock market initially jumped Wednesday afternoon as the Fed cut rates by 50 basis points, with the S&P 500 and Dow Jones hitting record high. But the major indexes erased strong gains to closed modestly lower, even as Fed Chief Jerome Powell signaled more easing along with an economic soft landing.\n\n\n\n↑\nX\n\n\n\n\nFed Cuts Interest Rates By Half Point: What Traders Should Do Now\n\n\nSee All Videos\n\n\n\n\nNOW PLAYING\nFed Cuts Interest Rates By Half Point: What Traders Should Do Now\n\n\n\n\nNvidia (NVDA) fell back from its 50-day line. Apple (AAPL) rose but hit key resistance. Tesla (TSLA) flirted with an early entry but closed lower. Meta Platforms (META) also flirted with buy points before backing off.\nArista Networks (ANET) and DoorDash (DASH) are in buy zones.\nNvidia stock and DoorDash are on IBD Leaderboard. Nvidia and Arista stock are on the IBD 50.\nDow Jones Futures Today\nDow Jones futures rose 0.2% vs. fair value. S&P 500 futures climbed 0.2%. Nasdaq 100 futures advanced 0.2%.\nRemember that overnight action in Dow futures and elsewhere doesn't necessarily translate into actual trading in the next regular stock market session.\nFed Rate Cut And Powell's 'Commitment'\nThe Fed cut rates for the first time since the Covid crisis, with a big, half-point move. Gov. Michelle Bowman was the lone official dissenter, favoring a quarter-point cut. Shortly before the Fed decision, markets saw a 59% chance of a 50-basis-point cut and 45% for 25 basis points.\nThe \"dot plot\" of policymakers signaled a total of 100 basis points of easing in 2024, meaning 50 basis points over the November and December meetings. Markets had almost fully priced in 100 basis points of cuts for the year, with a majority expecting 125 basis points.\nFor 2025, policymakers see another 100 basis points of Fed rate cuts, bringing the key rate down to a 3.25%-3.5% range.\nPowell, speaking after the central bank announcement, signaled he still envisions a soft landing, with continued, modest economic growth. He said the Fed isn't behind the curve, with Wednesday's big move \"a sign of our commitment not to get behind.\"\n\nJoin IBD experts as they analyze leading stocks and the market on IBD Live\n\nStock Market Rally\nThe stock market rally finished slightly lower with the major indexes losing solid advances after the Fed rate decision and Powell's comments.\nThe Dow Jones Industrial Average fell 0.25% in Wednesday's stock market trading and the S&P 500 index lost 0.3% after both set record intraday highs. The Nasdaq composite shed 0.3%. The small-cap Russell 2000 rose a fraction, erasing big intraday gains.\n\nKeep in mind that the stock market had rallied over the past week in anticipation of a Fed rate cut, possibly a big move. So it's not a shock to see the major indexes give up gains.\nU.S. crude oil prices dipped 0.4% to $70.91 a barrel.\nThe 10-year Treasury yield rose 4 basis points to 3.685%. The two-year yield, more closely tied to Fed policy, edged up 1 basis point to 3.6%.\nETFs\nAmong growth ETFs, the Innovator IBD 50 ETF (FFTY) climbed 0.5%. The iShares Expanded Tech-Software Sector ETF (IGV) fell 0.9%. The VanEck Vectors Semiconductor ETF (SMH) lost 1.1%. Nvidia stock is the largest SMH holding by far.\nReflecting more-speculative story stocks, ARK Innovation ETF (ARKK) rose 0.3% and ARK Genomics ETF (ARKG) dipped 0.2%. Tesla stock is a major holding across Ark Invest's ETFs. Cathie Wood also has built up a big stake in NVDA stock.\nSPDR S&P Metals & Mining ETF (XME) retreated 0.4%. The SPDR S&P Homebuilders ETF (XHB) and the Health Care Select Sector SPDR Fund (XLV) slipped 0.2%.\nThe Energy Select SPDR ETF (XLE) advanced 0.2%. The Industrial Select Sector SPDR Fund (XLI) nudged down 0.1%. The Financial Select SPDR ETF (XLF) gave up 0.3%.\n\nTime The Market With IBD's ETF Market Strategy\n\nTesla Stock\nTesla stock dipped 0.3% to 227.20 on Wednesday after briefly topping an aggressive entry of 235 Wednesday afternoon. TSLA stock has a 271 consolidation buy point, according to MarketSurge.\n\nTesla has a busy October ahead, with third-quarter deliveries (likely on Oct. 2), the robotaxi event on Oct. 10, and Q3 earnings on Oct. 16. Meanwhile, China EV maker Nio (NIO) will formally launch its Onvo L60 crossover on Thursday, with the Model Y rival is getting lot of buzz.\nNvidia Stock\nNvidia stock fell 1.9% to 113.42, now clearly below the 50-day moving average after hitting resistance at the key level intraday once again.\nIt has a 131.26 buy point from an ungainly handle. Investors could use last week's high of 120.79 as an aggressive entry.\n\nBut right now NVDA stock needs to get back above the 50-day. It's a bad sign for AI stocks, the Nasdaq and the broader market rally if Nvidia can't get back above its 50-day.\nApple Stock\nApple rose 1.8% to 220.69, but backed off its 50-day line. The Dow Jones tech titan has a 237.23 buy point, but could have some early entries at 23.292 or even lower. But first AAPL stock has to retake the 50-day, even amid reports of lackluster orders for the new iPhone 16.\nMeta Stock\nMeta Platforms stock edged up 0.3% to 537.95. Intraday, shares got to 544.20, just above a 542.81 buy point and almost above a 544.23 alternate entry from a three-weeks-tight pattern.\nStocks In Buy Zones\nArista Networks stock gave up most of its intraday gains, closing up 0.2% to 361.71. That's moving a little higher above a 358.68 buy point from a hard-to-spot handle.\nDoorDash stock climbed 2% to 132.48, back above a 131.21 cup-with-handle buy point. Shares fell down to the 21-day line intraday Tuesday, but closed in the upper half of their range.\n\nWhat To Do Now\nThe stock market was volatile after the Fed announcement and Powell's comments. That is why IBD cautioned investors not too aggressive if the market initially looked on strong on the Fed news.\nThe market may continue to assess the big Fed news through Thursday or even Friday.\nSo investors may want to be cautious about new buys in the very short term, though there are stocks that are actionable.\nStepping back, the broader picture is positive. The S&P 500 and Dow Jones are at record highs while the Nasdaq is recovering.\nDefinitely be ready to act. Have your watchlists and exit strategies up to date.\nRead The Big Picture every day to stay in sync with the market direction and leading stocks and sectors.\nPlease follow Ed Carson on Threads at @edcarson1971 and X/Twitter at @IBD_ECarson for stock market updates and more.\nYOU MAY ALSO LIKE:\nCatch The Next Big Winning Stock With MarketSurge\nWant To Get Quick Profits And Avoid Big Losses? Try SwingTrader\nBest Growth Stocks To Buy And Watch\nIBD Digital: Unlock IBD's Premium Stock Lists, Tools And Analysis Today","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"Economic Data","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.28.3","shortVersion":"4.28.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2468636995"}