Reported 17 days ago
The stock market experienced historic gains as the Federal Reserve cut interest rates by 25 basis points, leading the S&P 500 and Nasdaq Composite to hit record highs. The surge was driven primarily by significant contributions from major tech companies like Nvidia and Amazon, which saw their shares reach new peaks following Donald Trump's presidential victory. Investors are optimistic about potential corporate tax cuts and deregulation under Trump's administration, fueling a broader rally across the market.
Source: YAHOO