Stock Market Update
06-Feb-25 12:00 ET
Rate cut expectations remain unchanged
Dow -126.56
at 44745.64,
Nasdaq +20.47
at 19794.70,
S&P +10.69
at 6072.17
[BRIEFING.COM] The major indices continue to chop around in a volatile fashion. The Nasdaq Composite sports a 0.2% gain now.
Rate cut expectations are little changed following this morning's data, which showed that productivity is on the rise and should help temper inflation pressures and the job market remains solid with a low level of weekly jobless claims.
The fed funds futures market sees a 63.8% probability of a rate cut by the June FOMC meeting versus a 65.9% probability yesterday, according to the CME FedWatch Tool.
