The S&P 500 ( ^GSPC) climbed roughly 1.7%, while the Dow rose more than 1.2%, with both indexes trading at record highs. The tech-heavy Nasdaq Composite ( ^IXIC) led the gains, up roughly 2.5%.

The blue chip index closed above the psychologically significant 42,000 level for the first time ever Thursday.

Mortgage rates aren't tied to the Fed's moves on interest rates. Rather, mortgage rates typically fall in advance of a Fed rate cut, because investors are trying to anticipate where the central bank ...

Before taking on the new position, NYPD Inspector Joseph Hayward spent the bulk of his 25-year career in Brooklyn and Queens.

Wall Street is hanging near its records after the Federal Reserve kicked off its efforts to prevent a recession with a bigger ...

The Federal Reserve's closely followed overnight reverse-repo facility already has begun to reflect Wednesday's big ...

Yet that also has fluctuated from 2% to 4.5%, a "pretty wide range of outcomes," since the Fed started raising rates in 2022, according to Apollo Global Management's chief economist Torsten Slok. The ...

Jamie Dimon warns geopolitical tensions, especially the Ukraine war and Middle East conflicts, are the biggest risks to ...

In the aftermath, economists and traders moved to adjust their forecasts and wagers to account for the Fed’s new narrative.

Wall Street is rising toward records as a delayed jubilation sweeps markets worldwide following the Federal Reserve’s big cut ...

Fed Chair Jerome Powell announced a half percent cut to benchmark interest rates on Wednesday — the first cut since March ...

Stocks on Wall Street soared Thursday a day after the Federal Reserve slashed its benchmark interest rate by 0.50 percentage points, with investors cheering the central bank's move to head off a ...