Day Traders Diary

3/19/25

The major averages had a good day, a risk on day, as the Federal Reserve modestly cut their economic growth rate, but expects the economy to remain strong while also indicating they could cut interest rates two times this year. The Dow Jones Industrial Average climbed 383 points or 0.92%. The S&P 500 rose 60 points or 1% while the Nasdaq Composite climbed 246 points or 1.4%.

The big news was the central bank keeping the federal funds rate at a range of 4.25% to 4.5%, a decision that was widely expected. The Fed also said they may cut rates two times in 2025. The benchmark 10-year Treasury note yield slipped more than 3 basis points to 4.24% while the 2-year Treasury yield fell 6 basis points to 3.97%.

It was a risk on day as tech, oil, gold and bitcoin were all higher.

Healthcare and defensive sectors were muted and lower today.

Nvidia, the AI darling had a good day up 2% after bullish forecast for AI in the coming years. Only Intel was lower as rumors of a takeover were dismissed by rival TMSC.