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Dow jumps to another all-time high day after Fed cuts rates

Wall Street soared on Thursday, with the Dow Jones Industrial Average and S&P 500 closing at all-time highs after the Federal Reserve said it would kick off an easing cycle with a half-percentage point interest rate cut and that further cuts are expected. The Dow Jones Industrial Average rose 522.09 points, or 1.3 percent, to […]

Dow jumps 522 points crosses 42,000 for first time

DR Barton, president of Woodshaw Financial Group, discusses on “Varney & Company” whether the Federal Reserve's interest rate cuts will halt the economic slowdown and lead to a market recovery. This year has been one of the most memorable Septembers ever, with the Federal Reserve handing investors a massive interest rate cut on Wednesday. The […]

Dow leaps to all-time high after Fed slashes rates by half-point

Wall Street's main stock indexes surged in choppy trading on Wednesday after the Federal Reserve decided to cut interest rates by half a percentage point for the first time in more than four years. In afternoon trading, the Dow Jones Industrial Average hit an all-time high of 41,981.97 and was last up 196.36 points, or […]

Investor hopes high for bigger interest rate cut, sending Dow near all-time high

The Dow Jones Industrial Average was nearing an all-time high as expectations of a big interest rate cut by the Federal Reserve next week suddenly rekindled. Stock and bond traders on Friday grew increasingly believing the Fed could cut interest rates by 50 basis points (half a percentage point) after The Wall Street Journal reported […]

Dow nears record as hopes for bigger Fed rate cut revived

The Dow Jones Industrial Average rose more than 400 points on Friday, approaching an all-time high, as investors reassessed the possibility of further interest rate cuts by the Federal Reserve next week. The Dow Jones Industrial Average rose 379 points, or 0.9%, to 41,476 in recent trading. It closed at a record high of 41,563.08 […]