News Formal

How the Fed's rate cut and this week's election made for record-breaking market rallies

  • 📰 CNBC
  • ⏱ Reading Time:
  • 9 sec. here
  • 16 min. at publisher
  • 📊 Quality Score:
  • News: 56%
  • Publisher: 72%

Financials News

Banks,Interest Rates,Jerome Powell

Every weekday, the Investing Club releases the Homestretch; an actionable afternoon update just in time for the last hour of trading.

Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Market moves: The stock market tacked on some additional gains after the Federal Reserve on Thursday afternoon cut interest rates by 25 basis points. It was a unanimous decision. The Fed's widely expected move at the end of its November meeting came one day after the S & P 500 surged to a post-election record high.

Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Jim Cramer looks at what to do with Eli Lilly, AMD shares after their big slides on earningsThe Investing Club holds its 'Morning Meeting' every weekday at 10:20 a.m. ET.
Source: CNBC - 🏆 12. / 72 Read more »

Jim Cramer has these 3 stocks on his buy list in an oversold marketThe Investing Club holds its 'Morning Meeting' every weekday at 10:20 a.m. ET.
Source: CNBC - 🏆 12. / 72 Read more »