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US markets end higher amid hopes of rate cut

24 Jun 2025 Evaluate

The US markets ended higher on Monday amid hopes of rate cut. Initially, the stocks came under pressure as investors waited for Iran's response to the weekend U.S. air strikes on its nuclear sites. Besides, reports suggesting that Iran may block the Strait of Hormuz sent the markets briefly back into the red, as did reports of an Iranian attack on a U.S. base in Qatar. However, markets made significant recovery in later part of the day after Federal Reserve Vice Chair Michelle Bowman indicated support for a rate cut as early as July, citing concerns about the job market and potential easing of inflationary pressures related to tariffs. Additionally, reports of potential tariff reductions between the U.S. and China helped ease market anxieties. Additionally, National Association of Realtors said that existing home sales rose 0.8 percent on month in May and saw a 6.2 percent increase in unsold inventory. On a yearly basis, existing home sales fell 0.7 percent. 

Dow Jones Industrial Average jumped 374.96 points or 0.89 percent to 42,581.78, Nasdaq rallied 183.57 points or 0.94 percent to 19,630.98 and S&P 500 climbed 57.33 points or 0.96 percent to 6,025.17.

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

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