Dow, 500 and Fed
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It has been a quiet trading session Wednesday morning, but the Dow Jones Industrial Average was still outpacing the tech-heavy S&P 500 and Nasdaq Composite Index. The Dow was rising 0.5%, or 240 points,
The Federal Reserve left the door open to more rate cuts in a growing economy and that reawakened enthusiasm on Wall Street, taking stocks higher. The S&P 500 rose 0.7%, close to its previous high in October.
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Dow jumps 497, Nasdaq gains 78, S&P 500 adds 46
U.S. stocks rose Wednesday after the Fed cut rates and hopes build for more. The post Dow Jumps 497, Nasdaq Gains 78, S&P 500 Adds 46 appeared first on TV News Check. The post Dow Jumps 497, Nasdaq Gains 78,
Follow all the latest U.S. market action for Wednesday here to see if the Federal Reserve can ignite an end-of-year stock rally.
Tech stocks tumbled overnight as Oracle's revenue miss sparked AI investment return worries, overshadowing the Fed's rate cut. While the Dow edged up, Nasdaq futures plunged over 2%. Investors are now grappling with Oracle's spending forecasts and the Fed's cautious outlook on future rate reductions,
Stocks opened mixed Tuesday, with the focus on labor market data as the Fed's final monetary policy committee meeting of the year starts. The delayed September Job Openings and Labor Turnover Survey,
Stocks finish higher on Wednesday after the Federal Reserve's final rate cut of the year, which has big implications for the typical end-of-year stock rally.