AllMarket Update
logoArgusSeptember 16, 2024

Market Update: JWN

Sector(s)
Consumer Cyclical
Summary

The major indices are mixed with the Nasdaq down nearly 1%. Most of the Magnificent 7 are lower. Trading this week will be laser-focused on Wednesday afternoon. That's when we get our answer from the Federal Reserve on whether they will cut interest rates by 25 or 50 bps. Odds are 50-50 for each size cut. We forecast 25.

Upgrade to begin using premium research reports and get so much more.

Exclusive reports, detailed company profiles, and best-in-class trade insights to take your portfolio to the next level
Upgrade