Wall Street soars to records in a rate-cut rally that swept the world
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Wall Street reached record highs on September 19, 2024, following the Federal Reserve's significant interest rate cut; S&P 500 rose 1.7%, Dow Jones Industrial Average increased by 1.3%, and Nasdaq composite climbed 2.5%; the rally was supported by positive U.S. economic reports indicating potential recession avoidance as inflation decreases.
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https://www.2news.com/news/national/wall-street-soars-to-records-in-a-rate-cut-rally-that-swept-the-world/article_1e18ed00-76a6-11ef-8b21-2b5f2ee6386e.html