Posted 3/21/2024, 11:05:45 AM
Stocks Set to Extend Rally as Fed Signals Delayed Rate Cuts, Reddit Goes Public in $6.4B IPO
- Stocks poised to build on record-setting rally as investors celebrate Fed signaling delayed but not slowed rate cuts
- S&P 500, Dow, and Nasdaq futures all pointing to further gains at the open
- Fed stuck to outlook for 3 rate cuts in 2024 despite sticky inflation data
- Swiss National Bank became first major central bank to actually cut rates, boosting confidence tightening cycle has peaked
- Social media platform Reddit set for NYSE debut today after pricing IPO at top of range for $6.4 billion valuation