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☆ What the stock market does historically after the first Fed rate cut
▼ + stars: | 2024-09-17 | by ( Sarah Min | ) www.cnbc.com time to read: +2 min

The S & P 500 touched a record high on Tuesday , bringing its year-to-date gain to more than 18%. The S & P 500 averaged a 5.5% gain in the first three months after an initial cut, 10.6% six months later and 11.3% one year out. On average, the broader index jumped 10.2% three months later, 14.7% six months out and 18.6% one year afterward. .SPX YTD mountain S & P 500, ytd Other investment banks have noted this discrepancy, with Bank of America Securities also highlighting the pattern in a recent note. The worst-performing sectors 12 months after a rate cut were materials, utilities and consumer discretionary.

Persons: Canaccord, Ohsung Kwon, Canaccord Genuity, — CNBC's Gabriel Cortes Organizations: Federal Reserve, Bank of America Securities

☆ The Dow just hit 40,000. Here's a look at how it got here
▼ + stars: | 2024-05-16 | by ( Fred Imbert | ) www.cnbc.com time to read: +1 min

The Dow first closed above 20,000 in early 2017, as investors began pricing in lower corporate taxes in the U.S. under former President Donald Trump. However, the Dow struggled in 2018 after the excitement around lower taxes faded, with trade tensions between China and the U.S. rising and the Federal Reserve raising interest rates. In 2019, the stock market recovered as the Fed pivoted away from raising rates. By early 2020, the Dow was nearing 30,000 — reaching a high of 29,551.42 on Feb. 12, 2020. The Dow tumbled 38% from its February 2020 intraday peak to a low of 18,213.65 in March 2020.

Persons: It's, Donald Trump, Dow, — CNBC's Gabriel Cortés Organizations: Dow, Federal Reserve, Fed Locations: U.S, China

☆ Here’s where the jobs are for April 2023 — in one chart
▼ + stars: | 2023-05-05 | by ( Alex Harring | ) www.cnbc.com time to read: +3 min

Broad job gains across the economy helped the labor market show resilience in the face of a banking crisis and growing recessionary concerns. Friday's data bolsters the argument that the labor market has remained idiosyncratically strong despite signs that the broader economy has slowed. Almost one out of every four of the new jobs were in health care and social assistance, which added about 64,200 in the month. Professional and business services saw the second largest growth in April at 43,000, which is more jobs than it has added in an average month over the past half-year. Professional, scientific and technical service jobs accounted for the bulk of the sector's gains with a 45,000 increase.

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