Stocks Near Flat Sunday Night After Rate Cut-Fueled Rally

are near flat Sunday night after excitement over last week's interest rate cut propelled the blue-chip index to a record closing level.lower interest rates by 50 basis points, which was notably above 42,000. All three of the major indexes added more than 1% for the week, during which the

"The reality is that neither 25 nor 50 bps of rate cuts will materially change the near-term economic trajectory," he said."But the signal is important nonetheless, and markets responded the following day taking the S&P 500 Index to a new all-time high."

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Stock market today: Asia shares rise moderately ahead of closely watched Federal Reserve meetingAsian shares are mostly higher as investors focus on prospects for the U.S. Federal Reserve’s first cut to interest rates in more than four years. Benchmarks rose in Tokyo, Seoul and Shanghai but were little changed in Sydney. Trading was closed in Hong Kong for a holiday.
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Stock market today: Asia shares rise moderately ahead of closely watched Federal Reserve meetingAsian shares are mostly higher as investors focus on prospects for the U.S. Federal Reserve’s first cut to interest rates in more than four years.
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