Wall Street Rebounds, Eyes on Fed Rate Cut

Wall Street opens positive after challenging day, as investors regain confidence for December. Moderna shares drop due to Covid-19 vaccine concerns, while Synopsys climbs after Nvidia investment. U.S. manufacturing index falls, but PMI revised higher. UBS suggests stocks perform best when economy isnt in recession and Fed cuts rates. Fed rate futures pricing in twenty-five-basis-point cut. U.S.-U.K. pharmaceutical agreement reached, OECD predicts global slowdown, but AI investment boom could boost growth. Todays earnings: CrowdStrike, Marvell Technology, Pure Storage. Fed Vice Chair Bowman testifies. Bond market: ten-year U.S. Treasury yield slightly down.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.