Dow Tops 42,000 After Big Fed Rate Cut 9/19/24

Update: 2024-09-19

Description

Stocks are surging as traders digest the Fed’s decision to lower interest rates by a half percentage point. The Dow and S&P 500 both advanced to new intraday highs, while the Nasdaq surged nearly 3%. Traders also got further validation that the Fed was engineering a “soft landing” for the economy as weekly jobless claims fell by 12,000 to 219,000, which was far below estimates. We’ll cover the market action from all angles.

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Dow Tops 42,000 After Big Fed Rate Cut 9/19/24

#box-pro-ellipsis-173127063956524{-webkit-line-clamp:2;}Dow Tops 42,000 After Big Fed Rate Cut 9/19/24

Dow Tops 42,000 After Big Fed Rate Cut 9/19/24

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Dow Tops 42,000 After Big Fed Rate Cut 9/19/24