The Federal Reserve is expected to cut rates this week for the first time since 2008, potentially giving investors the green light to play offense. Here are the stocks that tend to pop on the day the central bank pulls the trigger.
CNBC analysis using Kensho, a hedge fund analytics tool, found the stocks in the Dow Jones Industrial Average with the highest one-day return when the Fed initially cut rates in each cycle going back to 1990.Procter & Gamble takes the cake as the best-performing stock in the Dow on decision day, rising 2.2% on average. Caterpillar and 3M both jumped nearly about 1.9% when the Fed lowered interest rates.
The Fed will announce its latest decision on whether to adjust interest rates at 2 p.m. ET Wednesday.Spencer Platt | Getty Images News | Getty Images The Federal Reserve is expected to cut rates this week for the first time since 2008, potentially giving investors the green light to play offense. CNBC took a look at stocks that tend to pop on the day the central bank pulls the trigger.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Dow futures higher as investors look ahead to Fed meeting, Apple earningsTraders are focused on the upcoming Fed meeting, which starts Tuesday. Market expectations point to a quarter-point rate cut on Wednesday, which would be the first rate cut in a decade.
Read more »
Dow futures slightly lower as investors prepare for a Fed rate cutMarket focus is attuned to the Fed, with policymakers at the U.S. central bank set to announce a quarter-point rate cut on Wednesday.
Read more »
Dow opens with triple-digit loss as downbeat earnings weighU.S. stocks fell on Tuesday after a raft of weaker-than-expected corporate earnings dampened investor sentiment. The S&P 500 fell 0.6% to around 3,003....
Read more »
Stocks edge lower on mega-cap tech losses as investors await the FedBoth the S&P 500 index and Nasdaq composite fell in US trading on Monday, while the Dow Jones Industrial average edged higher.
Read more »
Dow futures slightly lower as investors prepare for a Fed rate cutMarket focus is attuned to the Fed, with policymakers at the U.S. central bank set to announce a quarter-point rate cut on Wednesday.
Read more »
These stocks are winners when the Fed decides to start cutting ratesFor investors looking to play the anticipated rate cut, here are the sectors that have done well in the past when the Federal Reserve embarked on easing cycles.
Read more »