Stock Market Today: Dow climbs 100 points after Fed's historic rate cut of 50 basis points
U.S. stocks rose after the Federal Reserve lowered its benchmark interest rates by 50 basis points to a range of 4.75% to 5%. That was the first rate cut in over four years that marked the beginning of a monetary-easing cycle in the world's largest economy.
Dow Jones Industrial Average taps fresh record peak after Fed trims interest rate 50 bps
The Dow Jones Industrial Average (DJIA) has pulled into Wednesday’s midrange near 41,500 as investors await the Federal Reserve's (Fed) first rate cut in over four years. Markets kicked off 2024 hoping for an initial rate cut in March, but have thus far been battled all the way back to Q3. Now it finally looks like the Fed is ready to play ball.
The Dow Jones spent early Thursday in the doldrums, holding on the low end despite an overall uptick in US equity markets.
The Dow Jones Industrial Average and the S&P 500 both edged up ... point cut and a 30.5% chance of a 50-basis-point cut at the Fed’s next meeting. This anticipated easing of monetary policy ...
The Dow Jones Industrial Average was at its highs of the day around ... but emphasized that Fed officials were keeping an eye on the effect that higher bond yields were having on financial ...
U.S. stocks closed nearly unchanged on Tuesday, giving up earlier gains that had vaulted the S&P 500 and Dow Industrial ...
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