Economic news and follow-up events

Healthcare stocks gain on drug approvals and tech innovations.

Bitcoin’s recovery renews interest in crypto stocks, despite regulatory risks.

Renewable energy stocks are rising as demand for green energy grows globally.

Federal Reserve signals a potential pause in rate hikes, boosting stock market optimism and easing concerns about economic slowdown.

Major tech companies like Apple, Amazon, and Alphabet posted strong earnings, boosting tech stocks amid market volatility and highlighting the sector’s resilience.

On September 18, 2024, the Federal Reserve cut interest rates by 50 basis points, lowering the federal funds rate to 4.75%-5% as inflation trends downward. Fed Chair Jerome Powell signals cautious future cuts amid a balanced economic outlook.

Brent crude fell below $70 for the first time since December 2021. Oil prices continued to decline on Tuesday after OPEC lowered its forecasts for global oil demand growth for this year and next.