Nasdaq futures up 2% as Fed rate cut buoys growth stocks
- Posted on September 19, 2024
- By Business News Today
- 1 Views
Nasdaq futures up 2% as Fed rate cut buoys growth stocks
U.S. stock index futures surged, with Nasdaq futures up 2%, following the Federal Reserve's 50-basis-point interest rate cut. Key tech stocks like Microsoft and Alphabet saw gains, while semiconductor stocks also rose. The Fed's move aims to support steady growth and low inflation, boosting market optimism.
