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.
Dow Jones closes above 42,000 points for first time
The Dow Jones Industrial Average jumped 1.25%, or 522 points, to settle at a lifetime high of 42,025 points, hitting a record high of 42,160 during the session. The S&P 500 index surged 1.7%, or 95 points, to 5,713 points, while the Nasdaq Composite Index rose 2.5%, or 440 points, to 18,013 points.
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Dow Jones Futures: Meta, Apple, Tesla Lead New Buys In Big Rally. Pay Attention To This Key Shift.Dow Jones futures edged lower early Friday, while S&P 500 futures and Nasdaq futures fell modestly. Nike and FedEx were big ...
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