Read more
6:09 PM · 5 July 2024

Wall Street at new highs driven by speculation of first rate cut in September 📣

Indexes on Wall Street continue to rise following the NFP report. Both US500 and US100 are trading at new historical highs. The report strengthened expectations of Federal Reserve rate cuts, with swaps predicting a full two cuts in 2024. Speculation about a potential first cut in September is also growing. Investors will look for confirmation of this path in the upcoming CPI report next week and statements from FOMC representatives. Currently, markets are pricing in nearly a 75% chance of a rate cut in September.

Markets are currently pricing in a 75% chance of the first 25 bp cut at the September 18 meeting and a full two cuts by the December 18 meeting. Source: Bloomberg Finance LP

US500

US500 contracts are gaining 0.40% today, above the 5600-point level. The gains are supported by the largest companies, including Alphabet (+2.3%), Meta (+4.3%), and Amazon (+1.4%). From a technical analysis perspective, the nearest support level in the event of a correction is the channel of the recent consolidation in the range of 5500-5560 points.

Source: xStation 5

TNOTE

Contracts reflecting the prices of 10-year Treasury bonds (TNOTE) are also gaining today, returning above the key 110-point zone. The prices are supported by a short-term upward trend (blue dashed line), with the next level for bulls to overcome still being 111 points.

Source: xStation 5

6 May 2026, 7:04 PM

Daily summary: Oil slumps 8% supporting Wall Street, precious metals and EURUSD

6 May 2026, 3:39 PM

US Open: Wall Street climbs higher driven by oil sell-off and technology stocks optimism 📈

6 May 2026, 12:50 PM

Nasdaq 100 has risen 25% from its March 31 low 📈 What’s next?

6 May 2026, 11:48 AM

Market Wrap: Axios reports drive European markets; Novo Nordisk the star of the day❓🚀

The financial instruments we offer, especially CFDs, can be highly risky. Fractional Shares (FS) is an acquired from XTB fiduciary right to fractional parts of stocks and ETFs. FS are not a separate financial instrument. The limited corporate rights are associated with FS.
This page was not created for investors residing in Brazil. This brokerage is not authorized by the Comissão de Valores Mobiliários (CVM) or the Brazilian Central Bank (BCB). The content of this page should not be characterized as an investment offer in Brazil or for investors residing in that country.
Losses can exceed deposits