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969 Fed’s rate cut sends stocks soaring

KillerStartups
Harper Johnson @ KillerStartups · 10/01/2024 14:56 EDT

Fed’s rate cut sends stocks soaring

The Federal Reserve’s decision to cut interest rates by half a percentage point on Wednesday sent stocks soaring to record highs on Thursday. The Dow Jones Industrial Average jumped 522.09 points, or 1.26%, to close at 42,025.19, marking its first close above the 42,000 threshold. The S&P 500 rose 1.7% to end at 5,713.64, surpassing ...

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