The Federal Reserve cuts interest rates as scheduled, Dow Jones is on its longest decline in 50 years
On December 19, the Federal Reserve cut interest rates by 25 basis points as expected, suggesting a slowdown in rate cuts. The US stock market fell, erasing earlier gains. The Dow Jones Index is expected to fall for the tenth consecutive trading day, which would be the longest single-day decline since an eleven-day drop in October 1974. All eleven major sectors of the S&P 500 index were down, with real estate leading the decline. Higher interest rates are typically seen as a drag on the stock market, increasing the appeal of lower-risk assets while suppressing companies' ability to increase earnings.
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Smart ring manufacturer Oura (OURA.US) IPO reportedly oversubscribed by about 4 times
According to market sources, the initial public offering (IPO) of smart ring manufacturer Oura in the US stock market has reportedly been oversubscribed by approximately four times.
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Subscription multiplier reaches 4 times! "AI Ring" Oura IPO receives enthusiastic response
Smart ring manufacturer Oura's IPO was oversubscribed by approximately four times, planning to issue 50 million shares at a maximum price of $44 per share, aiming to raise up to $2.2 billions, with a fully diluted valuation of about $15 billions. Against the backdrop of companies like Holtec Nuclear withdrawing their IPO plans due to market conditions, Oura is expected to become the first major IPO in nearly three months to raise over $1 billion, injecting new vitality into the long-dormant U.S. IPO market.
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