Interest rate cuts are expected to fall, the Dow fell 116 points to 26,806 points; the S&P 500 index fell 14. points to 2,975 points; the Nasdaq fell 63 points to 8098 points. 

Apple (AAPL) closed down 2.1%, becoming the biggest loser in the Dow. The technology sector also generally declined. Google’s parent company, Alphabet (GOOG, GOOGL), fell about 1.4%. In addition, German banking giant Deutsche Bank (DB) closed down 6.1%. The company recently announced a comprehensive restructuring plan, ready to withdraw from investment banking, will lay off 18,000 before 2022 and abandon the stock sales and trading department. 

On July 8, the US stock market continued to pay attention to the Fed’s interest rate cut prospects. Fed policymakers will hold a monetary policy meeting at the end of this month.

The market’s expectation of the Fed’s aggressive policy of relaxation has cooled. According to the Fed Watch tool of the Chicago Mercantile Exchange, the probability of the Fed’s interest rate cut in July is still 100%, but the forecast of a 50 basis point cut is expected to fall to 4.9%, and the forecast of a 25 basis point drop to 95.1%.

Sign Up for Our Newsletters

Get notified of important news and special executive deals.

You May Also Like

China-US trade friction cooling HSI rose 703 points and broke through 100 billion

Chinese President Xi Jinping will meet with US President Trump, the market…

Cryptocurrency and E-commerce: A Match Made in Digital Heaven

Cryptocurrency and E-Commerce: A Future Together? Cryptocurrency has started gaining traction and…

Forecast: China’s Economy to Decline Further Before Bouncing Back

Despite a hopeful increase in consumer spending during the Chinese New Year…

Bitcoin went up again and stood back above $12,500.

Bitcoin trading platform Bitstamp, bitcoin rose above 12,500 US dollars, an increase…

Exporting soft power to Africa is still a hidden worry under China’s huge figure?

Mandarin has become popular on the African continent today, and many Africans…

The target price of the big singer oil price cut oil is reduced from 65 US dollars to 60 US dollars.

The slowdown in global trade growth has had a negative impact on…

Le saunda retail sales in the first quarter was 25.2%, same-store sales fell 6.6%

Leysdan (0738, le saunda) announced the first quarter retail sales data as…