Reported about 3 hours ago
U.S. stock index futures surged, with the S&P 500 and Nasdaq reaching record highs after the Federal Reserve announced its first interest rate cut of the year. Fed Chair Jerome Powell highlighted concerns over the softening job market, signaling potential further cuts in upcoming meetings. Despite a tempered outlook on aggressive easing, investor optimism remained buoyed by expectations of ongoing monetary policy support, contributing to a recent rally in U.S. equities.
Source: YAHOO