Markets Pricing: Record Decline and Interest Rates

markets pricing: The Nasdaq Composite Index COMP, 1.39% added 48.37 points, or 0.6%, to 7,845.02, according to Market Watch. What drove the market The Federal Reserve will be the focus this week with markets pricing in more than two interest rate cuts this year on fears of the fallout from global trade tensions and a slowdown in the economy. BA, 5.37% which gained 2.2%. The S&P 500 index SPX, 0.97% climbed 2.69 points to 2,889.67 as social media, entertainment and real estate stocks rallied. Investors will want to see if those expectations match up to what the Fed is thinking, though no move on interest rates is expected at this week's meeting. The Empire State manufacturing index plummeted 26.4 points to negative 8.6 in June, a record decline. Read Five things to watch in the pivotal Fed meeting A survey of manufacturing activity in the New York state area showed its largest-ever drop into negative territory in June. (news.financializer.com). As reported in the news.