Morning Brief hosts Seana Smith and Brad Smith discuss the latest market dynamics following yesterday's 25 basis point interest rate cut by the Federal Reserve.
US stock markets tumbled after the central bank signaled only two rate cuts for 2025. BMO Private Wealth Chief Market Strategist Carol Schleif analyzed the market reaction and predicted "increased volatility" in 2025.
As equity markets slid, the US dollar strengthened. Macquarie Global FX & Interest Rates strategist Thierry Wizman examines the factors driving the dollar's upward momentum. Meanwhile, Envestnet Solutions co-chief investment officer Dana D'Auria provides insights into small-cap stock performance amid the market shift.
Today's Chart of the Day features Host Madison Mills analyzing the continued dominance of the Magnificent Seven tech stocks.
Trending tickers covered in today's show include Micron (MU), Nike (NKE), Amazon (AMZN), Foxconn (2354.TW), Lennar (LEN), and Volkswagen (VOW3.DE).
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This post was written by Angel Smith