Stocks on Wall Street rose to build on a record-setting rally on Thursday as relieved investors continued to celebrate the Federal Reserve's signals it will delay but not slow rate cuts. The S&P 500 rose 0.5%, surpassing 5,250. The Dow Jones Industrial Average gained 0.5% to creep closer to the 40,000 mark, while the tech-heavy Nasdaq Composite moved up 0.9%.
With six weeks until the next Fed policy meeting in May, other drivers for stocks are now likely to come into focus. While AI growth hopes have provided a boost to techs, there were signs of broadening in the market's relief rally. Read more: What the Fed rate decision means for your money Elsewhere, the Swiss National Bank stole a march on the Fed by lowering interest rates on Thursday.
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Stock market today: Stocks waver after Fed's preferred inflation gauge meets expectationsInvestors are on edge for the PCE reading, seen as key to assessing how quickly the Fed will start cutting rates.
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Stock market today: Stocks retreat as Wall Street weighs hot inflation's impact on FedInvestors are weighing whether two big hot inflation prints will prompt a Fed rethink on rate cuts as its March policy meeting looms.
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Stock market today: US stocks stall as Fed decision day arrivesCaution prevailed with focus on whether the Federal Reserve has shifted its view on the number of rate cuts this year.
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Stocks rise as investors eye the Fed, Super Micro slumps on stock offering: Yahoo Finance LiveAll three of the major indexes (^DJI,^GSPC, ^IXIC) are moving higher as investors await the Federal Reserve’s latest interest rate decision, which will come ...
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Stock market today: US futures point to more gains as Fed buzz lifts marketsRelieved investors continued to celebrate the Federal Reserve's signal that it will delay but not slow rate cuts.
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