There's a lot of money and business stuff in this article, so let me explain it simply for you. The stock market is like a big store where people can buy and sell pieces of different companies. Sometimes, these pieces are worth more, and sometimes they are worth less.
Recently, some big people who make decisions about money (like the boss of a bank) said they might make some changes in September that could make these pieces worth more. This makes some people happy and some people worried.
Today, some companies will tell us how they did in the last few months, and that can make the pieces worth more or less too. So, people are watching and waiting to see what happens.
Some important numbers are coming out today that can also affect the store. These numbers tell us how many people are working, how much things cost, and how much money companies are making.
So, people are looking at all these things and trying to decide if they want to buy or sell pieces of companies today. And that's what this article is talking about.
Read from source...
- The article title is misleading and clickbaity: "US market preview: Stocks Set To Open Higher Despite Rate Hike Uncertainty"
- The article uses an unreliable and biased source: "the Fed decision, rising sharply following the release of the post-meeting policy statement. They gave back much of these gains after Powell’s press conference"
- The article uses anecdotal and irrational arguments: "The imminent release of the July non-farm payrolls report could introduce some caution."
Neutral
Article's Market Bias (bullish, bearish, neutral): Neutral
This article is for informational purposes only and should not be considered as an individualized recommendation to buy or sell any security. Benzinga provides the latest information and analysis to give investors an edge in the market.