Wall Street soars to records as Dow leaps 500 in a rate-cut rally …

Sep 19, 2024 · NEW YORK (AP) — Wall Street romped to records Thursday as a delayed jubilation swept markets worldwide following the Federal Reserve’s big cut to interest rates.. …

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Wall Street Soars To Records As Dow Leaps 500 In A Rate-Cut …

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Sep 19, 2024 · Wall Street romped to records Thursday as a delayed jubilation swept markets worldwide following the Federal Reserve’s big cut to interest rates. The S&P 500 jumped 1.7% …

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Why did Wall Street romp to Records Thursday?

(AP Photo/Richard Drew) NEW YORK (AP) — Wall Street romped to records Thursday as a delayed jubilation swept markets worldwide following the Federal Reserve’s big cut to interest rates. The S&P 500 jumped 1.7% for one of its best days of the year and topped its last all-time high set in July. ...

Why did Wall Street open at record highs Thursday?

Markets on Wall Street were positioned to open at record highs Thursday after the Federal Reserve issued a bigger-than-usual interest rate cut intended to fortify a cooling labor market and prevent a recession. Futures for the S&P 500 jumped 1.7% before the bell, while futures for the Dow Jones Industrial Average were up 1.2%. ...

How did the S&P 500 & Dow Jones rise before the bell?

Futures for the S&P 500 jumped 1.7% before the bell, while futures for the Dow Jones Industrial Average were up 1.2%. The technology-heavy Nasdaq shot more than 2% higher. Thursday's premarket gains came after investors largely shrugged off the Fed's half-point rate cut a day earlier. ...

How did Wall Street react to Wednesday's rate cut?

Wall Street’s initial reaction to Wednesday’s cut was a yawn, after markets had already run up for months on expectations for coming reductions to rates. Stocks ended up edging lower after swinging a few times. “Yet we come in today and have a reversal of the reversal,” said Jonathan Krinsky, chief market technician at BTIG. ...

How did a 522 point rally affect the S&P 500?

The Dow Jones Industrial Average leaped 522 points, or 1.3%, to beat its own record set on Monday, and the Nasdaq composite led the market with a 2.5% spurt. The rally was widespread, and the company behind Olive Garden and Ruth’s Chris, Darden Restaurants, led the way in the S&P 500 with a jump of 8.3%. ...

How did Wall Street react to interest rate cuts?

Wall Street is having a delayed reaction to an interest rate cut. More from AP’s Seth Sutel. Wall Street’s initial reaction to Wednesday’s cut was a yawn, after markets had already run up for months on expectations for coming reductions to rates. Stocks ended up edging lower after swinging a few times. ...