Will resolve N/A if the U.S. Federal Reserve does not reduce interest rates during the month of September.
If at any point during September the U.S. Federal Reserve announces a reduction in interest rates, even if the reduction does not occur in September, this market will measure performance of S&P 500 index in accordance with reported opening benchmark beginning the first trading day of September, September 3, 2024, and closing benchmark at conclusion of trading on September 30, 2024.
This market does NOT round up. To resolve YES, the change in the index must be 5.0% or higher. Resolves NO otherwise.
The Federal Reserve’s statement yesterday included a 0.50 percent rate cut, therefore this market will not resolve N/A.
https://www.federalreserve.gov/newsevents/pressreleases/monetary20240918a.htm
After the market jump today (9/19), which closed at 5714.64, the change from 9/3’s open (5623.89) to now stands at +1.61%. There are seven trading days left in September for the market to push for the 5% jump.
To achieve a minimum 5% increase to resolve YES, the S&P 500 Index must close at 5905.09 on 9/30/2024.