Bullboard - Stock Discussion Forum Financial 15 Split Corp T.FTN

Alternate Symbol(s): T.FTN.PR.A | FNNCF

Financial 15 Split Corp. is a mutual fund, which invests in a portfolio consisting of over 15 financial services companies. The Company offers two types of shares, such as Preferred Shares and Class A Shares. Its investment objectives with respect to Preferred Shares are to provide holders of Preferred Shares with cumulative preferential monthly cash dividends in an amount of over 6.75... see more

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Financial 15 Split Corp > US market backs off in afternoon trading

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Post by mouserman on Sep 17, 2024 1:43pm

US market backs off in afternoon trading

Stocks lost ground during afternoon trading Tuesday, as investors flashed uncertainty over the size of the Federal Reserve's expected rate cut, which is scheduled to be announced Wednesday, at the conclusion of the major policy meeting.

The Dow Jones Industrial Average (^DJI) moved down roughly 0.1%, coming off a record-high close for the blue-chip index. The S&P 500 (^GSPC) lost about 0.1%, while the tech-heavy Nasdaq Composite (^IXIC) was just over the flatline.

Stocks are wavering as Wall Street keeps guessing at the odds of a 0.5% Fed rate cut, with just one day to go before officials reveal their monetary policy decision. The central bank's two-day meeting, which begins Tuesday, is prevailingly expected to bring the first easing in rates since early 2020. Even as the size of the rate cut remains to be seen, investors and market observers are also torn on how the first rate cut will be perceived by the market.

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