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US stock market at record high as investors cannot keep calm after Fed rate cut

Wall Street stocks hit record highs as the Federal Reserve cut interest rates to support the labor market. Dow rose 1.3%, S&P 500 1.7% and Nasdaq 2.5%.

Television stations broadcast Jerome Powell, chairman of the US Federal Reserve, speaking after a Federal Open Market Committee (FOMC) meeting on the floor of the New York Stock Exchange (NYSE) in New York, US.(Bloomberg)
Published on Sep 20, 2024 07:55 AM IST
AFP |

Why did the US stock market rally today?

The S&P 500 surged 2.3%, and the Dow Jones increased by 1.76% since Monday's rout as jobless claims boosted investor confidence.

Thursday stocks opened up slightly up in the three major indexes a day after the Dow Jones and the S & P 500 had their worst day of trading since 2022, amid a global market sell-off centered around fears of a U.S. recession. (Photo by Michael M. Santiago / GETTY IMAGES NORTH AMERICA / Getty Images via AFP)(Getty Images via AFP)
Published on Aug 09, 2024 09:19 AM IST

Dow surpasses 40,000, world stocks hit record amid rate cut hopes

The Dow rose as high as 40,051.05 while the S&P 500 and Nasdaq also hit record highs in early New York trading before slowly losing steam.

The Dow Jones Industrial Average eclipsed 40,000 for the first time on Thursday as investors grow confident that the stock market rally can keep running on hopes the Federal Reserve will start cutting interest rates later this year.(Bloomberg)
Published on May 17, 2024 07:47 AM IST
Reuters |

Dow Jones Industrial Average hits record high of 40,000 points for first time

U.S. stocks are drifting Thursday as momentum cools following their jumps to records the day before

Dow Jones Industrial Average hits record high of 40,000 points for first time(Representational Image)
Published on May 16, 2024 08:31 PM IST
AP |

Wall Street poised to open with gains, all eyes to be on Tesla earnings report

Ahead of Tesla earnings Wall Street expected to open with gains

FILE PHOTO: FILE PHOTO: A street sign for Wall Street is seen outside the New York Stock Exchange (NYSE) in New York City, New York, U.S., July 19, 2021. REUTERS/Andrew Kelly/File Photo/File Photo(REUTERS)
Published on Apr 23, 2024 06:44 PM IST
AP |
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