Share This Article

Facebook LinkedIn
Twitter Reddit
Print Email
Pinterest Gmail
Yahoo
Money Morning
×
  • Invest
    • Best Stocks to Buy
    • Stock Forecasts
    • Stocks to Sell Now
    • Stock Market Predictions
    • Technology Stocks
    • Best REITs to Buy Now
    • IPO Stocks
    • Penny Stocks
    • Dividend Stocks
    • Cryptocurrencies
    • Cannabis Investing
    • Angel Investing
  • Trade
    • How to Trade Options
    • Best Trades to Make Now
    • Options Trading Strategies
    • Weekly Trade Recommendations
  • Retire
    • Income Investing Guide
    • Retirement Articles
  • More
    • Money Morning LIVE
    • Special Investing Reports
    • Our ELetters
    • Our Premium Services
    • Videos
    • Meet Our Experts
    • Profit Academy
Login My Member Benefits Archives Research Your Team About Us FAQ
  • Invest
    • Best Stocks to Buy
    • Stock Forecasts
    • Stocks to Sell Now
    • Stock Market Predictions
    • Technology Stocks
    • Best REITs to Buy Now
    • IPO Stocks
    • Penny Stocks
    • Dividend Stocks
    • Cryptocurrencies
    • Cannabis Investing
    • Angel Investing
    ×
  • Trade
    • How to Trade Options
    • Best Trades to Make Now
    • Options Trading Strategies
    • Weekly Trade Recommendations
    ×
  • Retire
    • Income Investing Guide
    • Retirement Articles
    ×
  • More
    • Money Morning LIVE
    • Special Investing Reports
    • Our ELetters
    • Our Premium Services
    • Videos
    • Meet Our Experts
    • Profit Academy
    ×
  • Subscribe
Enter stock ticker or keyword
×
5 Ways to Beat the Fed (and Crush Inflation)
Twitter
Tags: Dow Jones
Stocks: ADBE, BA, BABA, PFE

The Dow Jones Today Will Rise on Rate Cut Rumors

By Money Morning Staff Reports, Money Morning • June 17, 2019

Start the conversation

Comment on This Story Click here to cancel reply.

Or to contact Money Morning Customer Service, click here.

Your email address will not be published. Required fields are marked *

Some HTML is OK

The Dow Jones today will get a boost from a potential interest rate cut. Economists anticipate that the central bank will take steps to clear the way for an interest rate cut at a future meeting, one that could happen as soon as July.

But that might not be enough to overcome trade war pessimism. More on that front below.

Here are the numbers from Friday for the Dow, S&P 500, and Nasdaq:

Index Previous Close Point Change Percentage Change
Dow Jones 26,089.61 -17.16 -0.07%
S&P 500 2,886.98 -4.66 -0.16%
Nasdaq 7,796.66 -40.47 -0.52%

Now, here's a closer look at today's Money Morning insight, the most important market events, and stocks to watch.

The Top Stock Market Stories for Monday

  • U.S. President Donald Trump may get his long-desired interest rate cut from the Federal Reserve, although it's unlikely to happen at the FOMC meeting slated for Tuesday and Wednesday. Market watchers anticipate that Fed Chair Jerome Powell will drop the term "patient" to describe the central bank's approach to supporting the U.S. economy on rates. Economists now expect a rate cut as soon as July in an effort to tame concerns about economic growth and the prolonging impacts of a trade war with China.
Sign up for SMS so you never miss special events, exclusive offers, and weekly bonus trades.

  • While the White House awaits the Fed's action, it appears that President Trump is moving full steam ahead with new tariffs on China. U.S. Commerce Secretary Wilbur Ross said that Trump is about to announced tariffs on roughly $300 billion in additional Chinese goods should the two nations fail to reach an agreement on trade. Ross said he expects both countries to reach a deal - however, he noted that the president is "perfectly happy" to move forward with new tariffs and the reintroduction of suspended tariffs. Ross also said he doesn't expect a deal to be reached later this month, when leaders from the United States and China attend the G-20 Conference, due to the fact that the proposed deal is 2,500 pages long.
  • Crude oil prices continued to dip this morning as concerns about global economic growth and oil demand outweigh the ongoing tensions in the Middle East. WTI crude oil was back under $52 per barrel, while Brent crude slipped under $62 per barrel. While Saudi Arabia has signaled an extension on cuts to global production and turmoil exists in the wake of attacks on oil tankers in the Strait of Hormuz, global economic indicators signal bigger problems on the horizon. China's industrial output growth has dropped to its lowest point in 17 years as trade tensions weigh on global demand.

Money Morning Insight of the Day

Tom Gentile's seven-day Cash Course covers all the essential trading ideas you need to know to get the most out of your potential profits in 2019.

And not only will Tom review the basics, he'll share dozens of his most lucrative secrets to potentially start collecting anywhere from $1,190, $1,313, and even $2,830 in consistent income - each and every week.

All of this and more can be yours for only $1.

Click here to learn more...

Stocks to Watch Today: PFE, BABA, BA

  • Airline stocks are back in focus as investors eye the Paris Air Show. While companies typically take large orders during the event, Boeing Co. (NYSE: BA) hasn't been able to book an order for a commercial jet in nearly two months. The jet manufacturer has halted deliveries of its 737 Max after two deadly crashes over the last 12 months. Shares of BA stock are off 20% since hitting an all-time high in March.
  • In deal news, Pfizer Inc. (NYSE: PFE) announced plans to purchase Array Biopharma Inc. (NASDAQ: ARRY) in a deal worth $11.4 billion, or $48 per share in cash and debt. That represents a 62% jump from Friday's closing price. Array specializes in orphan drugs and cancer therapeutics.
  • Shares of Alibaba Group Holding Ltd. (NYSE: BABA) are in focus after the company announced plans for an eight-for-one stock split. The firm plans to announce the split ahead of its debut listing on the Hong Kong exchange.
  • No major U.S. companies report earnings today. Look for earnings to pick up again on Tuesday when Adobe Inc. (NASDAQ: ADBE) and Jabil Inc. (NYSE: JBL) report earnings before the bell.

Follow Money Morning on Facebook and Twitter.

Join the conversation. Click here to jump to comments…

Login
guest
guest
0 Comments
Inline Feedbacks
View all comments


Latest News

June 3, 2023 • By Garrett Baldwin

Postcards - Do This Whenever You See Buffett Buy OXY

June 2, 2023 • By Nick Black

Market Roundup: Digital Assets to Watch for the Weekend of June 2

June 2, 2023 • By Shah Gilani

earnings
How to Profit on a "Bankruptcy Wave" Hitting Markets Hard
Trending Stories
ABOUT MONEY MORNING

Money Morning gives you access to a team of market experts with more than 250 years of combined investing experience – for free. Our experts – who have appeared on FOXBusiness, CNBC, NPR, and BloombergTV – deliver daily investing tips and stock picks, provide analysis with actions to take, and answer your biggest market questions. Our goal is to help our millions of e-newsletter subscribers and Moneymorning.com visitors become smarter, more confident investors.

QUICK LINKS
About Us COVID-19 Announcements How Money Morning Works FAQs Contact Us Search Article Archive Forgot Username/Password Archives Profit Academy Research Your Team Videos Text Messaging Terms of Use
FREE NEWSLETTERS
Total Wealth Research Power Profit Trades Profit Takeover Penny Hawk Trading Today Midday Momentum Pump Up the Close
PREMIUM SERVICES
Money Map Press Home Money Map Report Fast Fortune Club Weekly Cash Clock Night Trader Microcurrency Trader Hyperdrive Portfolio Rocket Wealth Initiative Extreme Profit Hunters Profit Revolution Quantum Data Profits Live Trading Alliance Trade The Close Inside Money Trader Expiration Trader Flashpoint Trader Darknet Hyper Momentum Trader Alpha Accelerators Weekly Profit Cycles Brutus Alerts Resource Traders Alliance

© 2023 Money Morning All Rights Reserved. Protected by copyright of the United States and international treaties. Any reproduction, copying, or redistribution (electronic or otherwise, including the world wide web), of content from this webpage, in whole or in part, is strictly prohibited without the express written permission of Money Morning.

Address: 1125 N Charles St. | Baltimore, MD, 21201 | USA | Phone: 888.384.8339 | Disclaimer | Sitemap | Privacy Policy | Whitelist Us | Do Not Sell or Share My Personal Information

wpDiscuz