Central bank reduces interest rates for first time in nine months

Directly affected

• No company is named in this report.

Indirectly affected

• TLT iShares 20+ Year Treasury Bond-1.8%

  Long-term bonds move when yields change

• IEF iShares 7-10 Year Treasury Bond-0.9%

  Treasury bonds move when yields change

• SHY iShares 1-3 Year Treasury Bond-0.3%

  Short-term bonds move when the Fed changes rates

• SPY SPDR S&P 500+1.6%

  Stocks move when the Fed changes the rate path

• JPM JPMorgan Chase-4.3%

  Bank profits move with lending and interest rates

• BAC Bank of America-18.8%

  Bank profits move with lending and interest rates

• GS Goldman Sachs-8.5%

  Bank profits move with lending and interest rates

• XLF Financial Select Sector SPDR-3.9%

  A fund of financial companies

• KRE SPDR S&P Regional Banking-4.4%

  Regional banks are sensitive to interest rates

Price reaction, T-5 to T+3