Reported 17 days ago
The stock market surged on Thursday, with the S&P 500 and Nasdaq reaching new all-time highs after the Federal Reserve announced a 25 basis point interest rate cut and Donald Trump's election victory sparked optimism among investors. Tech stocks led the rally, with companies like Nvidia and Amazon showcasing significant gains. Fed Chair Jerome Powell indicated that upcoming policy decisions would remain unaffected by the election results, emphasizing a balanced approach to economic goals.
Source: YAHOO