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.
Stocks: Real-time U.S. stock quotes reflect ... See Closing Diaries table for 4 p.m. closing data. Sources: FactSet, Dow Jones Stock Movers: Gainers, decliners and most actives market activity ...
Wednesday's rate cut in the world's largest economy was the first such move by the US central bank in more than four years, ...
The Dow Jones industrial average inched up to another record high on a mixed day of trading for Wall Street. The Dow eked out a gain of 9 points, or less than 0.1%, while the Standard & Poor ...
The Fed cut interest rates by half a percentage point yesterday—the first cut in four years and double the 25 basis points ...
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