President Donald Trump told reporters Monday that the United States is ahead of schedule. sign the agreement.
S&P admittedly hit an intraday high at all times, but the record will only count if it ends the day at an Always High at 4 PM ET when the market closes.
Although nothing is guaranteed in the stock market, today is a lucky day: October 28 is historically the best day of the year for equities, according to senior LPL Financial strategist Ryan Detrick. S&P 500 shares rose 0.54% on average October 28 between 1
"Shares may also be based on expectations Fed Chair Powell will deliver a third in a row and remain data-dependent if more is warranted," said Edward Moya, senior market analyst at Oanda.
The Federal Reserve's monthly meeting is scheduled for Tuesday, ahead of its monetary policy decision Wednesday at 2 PM ET. The chances of a further quarterly rate cut are 94%, according to CME FedWatch Tool. It would be the third interest rate cut this year.
"The Fed cannot afford yet another market disruption and policy failure, and judging by a stronger curve, the financial markets are convinced that the Fed will remain accommodating," Moya said.