BUZZ-Derivatives exchanges dip after Fed lowers interest rates
Reuters · 1d ago
Share
Listen to the news
** Shares of U.S. derivatives exchange operators fall after Federal Reserve cuts interest rates by half a percentage point
** CME CME.O and Cboe Global CBOE.Z down ~1% each
** While lower rates encourage IPOs and boost trading, they also reduce demand for hedging products such as derivatives
** Nasdaq NDAQ.O inches up 0.5%, while NYSE-owner Intercontinental Exchange ICE.N down 0.4%
** Meanwhile, Wall Street's main indexes extended gains .N
(Reporting by Niket Nishant in Bengaluru)
Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
What's Trending
No content on the Webull website shall be considered a recommendation or solicitation for the purchase or sale of securities, options or other investment products. All information and data on the website is for reference only and no historical data shall be considered as the basis for judging future trends.
Copyright © 2024 Webull. All Rights Reserved