Is it just a gamble to cut interest rates and ignore Powell? The market has been dealing with the Federal Reserve for a long time!

It would be ironic if Wall Street's expectations of interest rate cuts forced the Fed to keep interest rates at higher levels for a longer period of time.

wallstreetcn12-01 11:20 ET

Top 20 turnover | Pfizer plummeted more than 5%, the biggest one-day decline in two years, and suffered a double death in diet pills and COVID-19 vaccine lawsuits

On Friday, Tesla, ranked No. 1 in US stock turnover, closed down 0.52% and traded US$28.69 billion; Nvidia, No. 2, closed down 0.01%, with transactions of US$17.26 billion; and Microsoft, number 3, closed down 1.16% to trade US$12.36 billion.

環球市場播報12-01 09:07 ET

US stocks close | No fear of Powell's crackdown! US stocks had a good start in December. The three major indices recorded five consecutive weekly levels, and S&P hit a high of nearly 20 months

The three major US stock indexes continued to rise for five weeks, and the NASDAQ reversed the weekly decline with a rebound on Friday. The Dow reached a record high in the past two years, and FTSE's earnings for the component stock market rose nearly 16% weekly. Tesla continued to fall after delivering trucks; Pfizer, which abandoned the development of diet drugs, fell by more than 5%; and Dell once fell close to 10% after its earnings report.

wallstreetcn12-01 08:51 ET