US stocks close slightly lower, trade choppy after Fed rate cut

  • Posted on September 19, 2024
  • By Business News Today
  • 2 Views
US stocks close slightly lower, trade choppy after Fed rate cut

U.S. stocks ended with modest losses on Wednesday after the Federal Reserve cut interest rates by 50 basis points, the first reduction in over four years. The Dow, S&P 500, and Nasdaq all experienced intraday highs before closing lower. Small cap stocks and regional banks saw gains, while trading remained choppy throughout the day.
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