Despite escalating geopolitical tensions, particularly in the Middle East, the stock market is showing slight gains with the S&P 500 nearing its all-time high. The latest updates indicate that the Dow Jones and Nasdaq are also performing positively, while oil prices climb above $73 per barrel. Analysts suggest the Federal Reserve is likely to keep interest rates unchanged during today's decision, a move not favored by President Trump. Furthermore, JPMorgan has marked fintech stocks as a promising investment opportunity, identifying key players in this sector.
The markets are managing gains even as Middle East tensions mount and the geopolitical net potentially draws in the U.S. Indeed, stocks are largely holding their ground ahead of the Federal Reserve's looming decision on interest rates.
Most sectors of the economy are seeing gains this morning, and the S&P 500 is within striking distance of its latest all-time high.
The Fed's latest decision on interest rates is expected this afternoon, and the prevailing sentiment is that policymakers will leave rates unchanged, much to President Trump's disliking.
JPMorgan is casting a favorable eye on fintech stocks, which are rivals to traditional financial institutions. The analyst firm has highlighted Q2 Holdings, nCino, and Alkami.
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