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%,
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Stock market today: Indexes eye record highs on Fed rate cut, Powell's comments; Palantir jumps (live coverage)
The Dow Jones Industrial Average rose in mixed trade Wednesday afternoon, ahead of an expected cut in interest rates by the Federal Reserve and policy remarks by Fed Chair Jerome Powell. Meanwhile, Palantir PLTR climbed on the stock market today after a contract win, while Oracle ORCL slipped ahead of its earnings report.
The Dow Jones continued its strong rally in December, hitting its all-time on record. Here are some of the top catalysts this year.
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.