Stock Market Today: Dow, S&P 500 score record closes as U.S. stocks extend Fed rate-cut rally
The stock is now trading 20.4% above the 14-year closing low of $18.89 on Sept. 6. That puts the stock on track for its first "bull market," which many on Wall Street define a rally of at least 20% off a bear-market low, since it peaked at a 21-month closing high of $50.76 on Dec. 27, 2023.
Fed's Kashkari says 50 basis points rate cut was 'right decision'
Federal Reserve Bank of Minneapolis President Neel Kashkari on Monday said he supported the U.S. central bank's recent interest rate cut, calling it the "right decision" in light of substantial progress on inflation and the risk of an increase in unemployment.
The bank used options prices to map out the implied moves in the S&P 500 for every day between now and the day after the ...
In the clamor of the campaign season, we are missing what should be a landmark event.
The Federal Reserve didn’t just cut interest rates at its September meeting. It cut BIG, opting for a 50-basis point move.
Minneapolis Federal Reserve President Neel Kashkari said Monday that he expects policymakers to dial down the pace of ...
CBS News on MSN5d
Is a CD still worth it now that the Fed has cut rates?But are they still worth pursuing now that the Fed has started cutting interest rates? That's what we'll break down below ...
Yet in the view of some economists, the shift toward steadily lower borrowing rates could eventually boost consumer sentiment ...
Investors celebrated the Federal Reserve's super-sized interest rate cut and what is likely the start of a longtime coming ...
The Canadian Press on MSN13h
Stock market today: Wall Street hangs near its all-time highsU.S. stock indexes are hanging near their all-time highs in quiet trading. The S&P 500 was up 0.1% in early trading Monday.
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