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Stock impact report

The stock market got just what it wanted from the Fed [Business Insider]

Morgan Stanley (MS) 
Last morgan stanley earnings: 4/16 07:15 am Check Earnings Report
US:NYSE Investor Relations: morganstanley.com/about-us-ir
Major indexes stayed resilient near all-time highs despite a jumbo-sized cut already being priced in. Sign up to get the inside scoop on today's biggest stories in markets, tech, and business — delivered daily. Read preview Stocks got a brief leg up to a new intraday record on Wednesday after the Federal Reserve issued its first rate cut since 2020. Major indexes then wobbled into the close, turning lower during Fed Chair Jerome Powell's question-and-answer session. But their resilience within shouting distance of all-time highs suggested that this was an ideal outcome for stock investors, especially with a jumbo-sized cut already priced in. "The Fed has given the market what it was looking for with the bigger 50-basis point rate cut," Joel Kruger, market strategist at LMAX Group said in a statement. The outcome also matched what Morgan Stanley strategists outlined earlier this week as a best-case scenario for stocks: a 50-basis-point cut that also didn't spook the market w Show less Read more
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