Fed cuts interest rates again
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The S&P 500 ended just shy of a fresh record on Wednesday as stocks jumped after the Federal Reserve cut interest rates for the third time this year to a range of 3.50%-3.75%. The S&P 500 gained 0.7%,
The U.S. stock market is having a terrific year. The benchmark S&P 500 (SNPINDEX: ^GSPC) is up 16% in 2025 despite economic uncertainty created by President Trump's tariffs. But there could be trouble on the horizon.
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Stock market today: Indexes eye record highs on Fed rate cut, Powell's comments; Palantir jumps (live coverage)
The Dow was up 1.3%, or nearly 600 points, and near session highs. Shares of Nike NKE, American Express AXP, and Johnson & Johnson JNJ led the charge. Tech leaders were mixed with Nvidia NVDA and Microsoft MSFT declining while Salesforce CRM and Cisco CSCO advanced. The S&P 500 picked up 0.8% after losing ground earlier.
Shares of a popular exchange-traded fund that equally weights stocks in the S&P 500 were climbing sharply Wednesday afternoon, amid a broad stock-market rally following the outcome of the Federal Reserve’s policy meeting.
A pause in interest rate hikes may offer no relief to people dealing with large amounts of credit card debt amid high inflation. But there are ways to pay off debt quickly. The "Shark Tank" star and O'Leary Ventures chairman warned inflation will be a ...
The Dow Jones continued its strong rally in December, hitting its all-time on record. Here are some of the top catalysts this year.
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