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VisitS&P 500 Reaches Record High After Fed's 50 Basis Points Rate Cut
Sep 19, 2024, 09:22 PM
The S&P 500 surged to a record high close following a significant interest rate cut by the Federal Reserve. The Fed's decision to cut rates by 50 basis points has invigorated a market rally, leading to all-time highs in Wall Street. On Thursday, the S&P 500 tapped an all-time intraday high. The Federal Reserve also indicated that more rate cuts could be on the horizon, further boosting investor confidence.
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Markets
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Official closing data from the New York Stock Exchange (NYSE)
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Official closing data from the New York Stock Exchange (NYSE)