Reported 19 days ago
The US stock market surged on Thursday, with the Dow Jones Industrial Average surpassing 42,000 for the first time and both the S&P 500 and Nasdaq Composite achieving record highs after the Federal Reserve announced a substantial 50 basis point rate cut. Investor optimism surrounding the potential for a 'soft landing' for the economy drove significant gains in major tech stocks, including Nvidia, Apple, and Tesla. Analysts predict further rate cuts this year, signaling a hopeful outlook for the markets as jobless claims fell to their lowest level in four months.
Source: YAHOO