03:23 PM EDT, 09/18/2024 (MT Newswires) -- Financial stocks were rising in late Wednesday afternoon trading, with the NYSE Financial Index advancing 0.1% and the Financial Select Sector SPDR Fund (XLF) adding 0.3%. The Philadelphia Housing Index rose 0.5%, and the Real Estate Select Sector SPDR Fund (XLRE) was up 0.3%. Bitcoin (BTC-USD) added 0.5% to $60,700, and the yield...

04:02 PM EDT, 09/18/2024 (MT Newswires) -- Tech stocks were lower late Wednesday afternoon, with the Technology Select Sector SPDR Fund (XLK) down 0.8% and the SPDR S&P Semiconductor ETF (XSD) easing 0.2%. The Philadelphia Semiconductor Index was shedding 1%. In corporate news, Microsoft ( MSFT ) will not face any scrutiny in the EU for its acquisition of certain...

Robinhood Markets Inc ( HOOD ) shares are trading higher by 2.61% to $23.23 Wednesday afternoon after the Federal Reserve cut interest rates by 50 basis points. Why This Matters: Robinhood, as a commission-free trading platform, benefits directly from increased user engagement and transaction volumes. Higher trading activity can drive revenue from order flow (payments Robinhood receives for routing customer trades). Robinhood...

* Fed cuts rates by 50 basis points * Intuitive Machines ( LUNR ) soars after clinching NASA contract * Indexes up: Dow 0.25%, S&P 500 0.40%, Nasdaq 0.75% (Updated at 2:47 p.m. ET/1647 GMT) By Chuck Mikolajczak NEW YORK, Sept 18 (Reuters) - U.S. stocks briefly shot higher on Wednesday after the Federal Reserve cut interest rates by 50...