Federal Reserve Rate Cuts Impact on Tech Stocks: Insights from Jim Cramer

Thursday, 19 September 2024, 01:25
Federal Reserve rate cuts bring caution to tech stocks like Apple and Broadcom. Jim Cramer believes the tech market won't see a 'huge run' following these cuts. This sentiment reflects broader analyst concerns about market momentum amidst shifting rates.
Benzinga
Federal Reserve Rate Cuts Impact on Tech Stocks: Insights from Jim Cramer

Implications of Federal Reserve Rate Cuts on Tech

The Federal Reserve initiated its rate-cutting cycle, reducing rates by half a point. Despite this action, notable tech figures like Jim Cramer express skepticism regarding the potential for a significant resurgence in tech stocks such as Apple (NASDAQ:AAPL) and Broadcom (NASDAQ:AVGO). Cramer stated, 'It got out of the wish game a very long time ago.'

Market Reactions and Predictions

  • Market analysts generally predict a cautious tech environment.
  • Key stocks highlighted include NVIDIA (NASDAQ:NVDA) and Microsoft (NASDAQ:MSFT).

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.

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