META Sep 2024 330.000 put

Mixed markets ahead of Fed decision: Market Domination Overtime

On today's episode of Market Domination Overtime, Hosts Josh Schafer and Josh Lipton analyze the market close and break down some of the biggest stories from the trading day. The major market averages closed mixed in Tuesday's session ahead of Wednesday's interest rate decision. The Nasdaq Composite (^IXIC) touched slightly above its flat line, while the Dow Jones Industrial Average (^DJI) fell by 0.2% after notching a new all-time high Monday. As all eyes are on the Federal Reserve's interest rate decision, Penn Mutual Asset Management portfolio manager George Cipolloni would like to see a 50-basis-point cut, explaining that "the market shifted so much over the last week or so” that a 25 basis point cut could be disappointing. "I think the Fed has done a really good job in terms of just holding the line, not pivoting too soon, but now with the expectation of the market… this is going to be the most uncertain FOMC meeting [since 2015].” Instagram will be offering new teen accounts on the social media platform that will restrict exposure to sensitive content and limit app usage. Yahoo Finance tech editor Dan Howley reports on the safety and privacy features Meta Platforms (META) will be providing to younger users after major criticisms around the app's impact on children and teenagers' mental health. Finally, Josh Schafer and Josh Lipton break down what to watch on Wednesday, September 18, from the Federal Reserve's interest rate decision to General Mills' (GIS) fiscal first quarter earnings. This post was written by Melanie Riehl