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."
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:
United States United States Latest News, United States United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Stocks surge a day after Federal Reserve's first interest rate cut since 2020Investors buoyed by Fed's outsized rate cut and data showing the U.S. economy remains on solid ground.
Source: CBSHealth - 🏆 480. / 51 Read more »
What impact will the Federal Reserve's rate cut have on stocks?Dow industrials jump more than 200 points after central bank embarks on easing policy for the first time since 2020.
Source: CBSNews - 🏆 87. / 68 Read more »
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.
Source: AP - 🏆 728. / 51 Read more »
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.
Source: ksatnews - 🏆 442. / 53 Read more »