Dow rallies 1%, S&P hits intraday record high as Fed kicks off rate easing cycle
- Posted on September 19, 2024
- By Business News Today
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Dow rallies 1%, S&P hits intraday record high as Fed kicks off rate easing cycle
Wall Street's main indexes jumped at the open on Thursday, with the S&P 500 notching an intraday record high after the Federal Reserve kicked off its easing cycle with half-a-percentage point reduction and forecast more cuts were on the horizon.
