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)

Email this Article

Send with mail | ahoo instead.
Required Needs to be a valid email
Required Needs to be a valid email
The Dow Jones Today Will Be Flat Until Powell Speaks
https://moneymorning.com/?p=1066151
Required Please enter the correct value.
Twitter
Stocks: AOBC, FB, ORCL, SCS

The Dow Jones Today Will Be Flat Until Powell Speaks

By Money Morning Staff Reports, Money Morning • June 19, 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Your email address will not be published.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 is in a holding pattern as investors await an announcement from this week's FOMC meeting.

Today, the central bank will release its decision on interest rates at the conclusion of the FOMC meeting. If Powell hints toward a rate cut in July, expect stocks to surge higher. But if he hedges, stocks could fall into the red. More on what to expect below.

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

Index Previous Close Point Change Percentage Change
Dow Jones 26,465.54 +353.01 +1.35%
S&P 500 2,917.75 +28.08 +0.97%
Nasdaq 7,953.88 +108.86 +1.39%

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 Wednesday

  • Investors will pay attention to an announcement on interest rates by the U.S. Federal Reserve. Fed Chair Jerome Powell will likely say the central bank will not cut rates this afternoon; however, markets expect the central bank will set the path for a rate cut in July. The other drama today centers on whether U.S. President Donald Trump will push for Powell to resign if the central bank doesn't reduce rates in the coming weeks to provide assistance to the economy. When asked if he wants to remove Powell from the Fed by the press Tuesday, Trump replied, "Let's see what he does."

  • While interest rates make the headlines, look for additional updates on trade discussions between the United States and China. President Trump tweeted Tuesday that he and Chinese President Xi Jinping will hold an "extended meeting" during the G-20 summit in Osaka, Japan, in late June. According to reports, North Korea will be a very important discussion point between the two leaders. Ahead of the G-20 summit, Xi said that North Korea was heading in "the right direction" and failed to mention the country's nuclear weapons ambitions.
  • Oil prices were aided by the ongoing developments on trade between the United States and China. Hopes for a deal between the two nations offset pessimism fueled by a smaller-than-expected decline in U.S. crude inventory levels. The American Petroleum Institute announced that U.S. crude stocks declined by 812,000 barrels for the week to 482 million. That was below expectations among analysts. Later today, we'll receive the official inventory report from the Energy Information Administration.

Money Morning Insight of the Day

Thanks to an obscure law, over 100 government agencies are required to pay rent, including the DOJ, FBI, and NASA.

This money is being funneled into the Treasury. And it's helped create an enormous $11.1 billion pool of money.

If you add your name to a special distribution list, you could begin collecting $1,795 or more every month from this powerful investment income stream.

Click here to learn more...

Stocks to Watch Today: FB, ORCL, AOBC

  • Facebook Inc. (NASDAQ: FB) unveiled plans for its global cryptocurrency on Tuesday, and Congress is already trying to regulate it into the ground. Democratic Rep. Maxine Waters, chair of the House Financial Services Committee, asked Facebook to stop development of the Libra project, which is planned for release in 2020. Waters raised concerns about the company's data privacy problems in the past and asked for Congress to have additional time to explore the project and examine potential regulation.
  • Oracle Corp. (NYSE: ORCL) will lead a busy day of earnings reports. Today, analysts are focused on the company's cloud computing revenue and increasing competition in the space. Although analysts anticipate an uptick in earnings per share, Wall Street expects a dip in revenue. One other factor to consider is the strength of the U.S. dollar, which could also weigh on the firm's global profits and revenue.
  • Today, look for earnings reports from American Outdoor Brands Corp. (NASDAQ: AOBC), Winnebago Industries Inc. (NYSE: WGO), Steelcase Inc. (NYSE: SCS), and Barnes & Noble Inc. (NYSE: BKS).

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
LIVE
Visit Money Morning Live


Latest News

January 19, 2023 • By Money Morning Stock Research Team

These Stocks Could Go To $0

January 9, 2023 • By Money Morning Stock Research Team

The Government Is Pouring $391 Billion Into These Stocks - Buy Now

December 27, 2022 • By Money Morning Staff Reports

6 IPOs in 2023 You Can’t Afford to Miss
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 This Is VWAP 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 Warlock's World Penny Nation Quantum Data Profits Live Trading Alliance Trade The Close Inside Money Trader Expiration Trader Vega Burst Trader Flashpoint Trader Darknet Hyper Momentum Trader

© 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 My Info

wpDiscuz