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2024-09-19 21:00:23

Tech Geek on Nostr: The S&P 500 surged to a record high close on Thursday, the day after the Federal ...

The S&P 500 surged to a record high close on Thursday, the day after the Federal Reserve cut interest rates by 50 basis points and indicated more rate cuts were on the horizon.

✓ Dow closes above 42,000 for the first time.
✓ BofA expects Fed to go for 75-bp cut in Q4.
✓ US big banks rise after Fed's rate cut
S&P 500 +1.70%, Nasdaq +2.51%, Dow +1.26%
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