Most U.S. stocks increased as the Federal Reserve cut interest rates onceagain to make things mucheasier for the economy
ByThe Associated Press
November 7, 2024, 4: 18 PM
Most U.S. stocks increased as the Federal Reserve cut interest rates onceagain to make things simpler for the economy.
The S&P 500 climbedup 0.7% Thursday. The Dow Jones Industrial Average was hardly altered, and the Nasdaq composite acquired 1.5%.
The rate cut was extensively anticipated. Federal Reserve Chair Jerome Powell stated it’s too early to understand how Donald Trump’s governmental success will shift the Fed’s rate policies. Treasury yields stayed lower following the Fed’s statement