After the Federal Reserve indicated it’s also possible to give the interest rate reduces this year that Wall Street wants, shares rose to record levels.
The S&, P 500 rose 0.9 percentage Wednesday. The Dow Jones Industrial Average gained 1 cent, and the Nasdaq composite jumped 1.3 percent.
All three indicators hit all- day highs. The Fed initially feared that the number of expected price cuts would be lower this year due to some popular prices data, but it’s still penciling in three. Investors placed bets that the first slice does occur in June.
On Wednesday:
The S&, P 500 rose 46.11 items, or 0.9 cent, to 5, 224.62….
Trending
- Noem takes look at cross-border tunnel during El Paso visit
- Trump ‘dramatically reshaped’ immigration in first 100 days, report says
- The Growing Threat of Radical Islam in Bangladesh
- White House confident Trump will deport a million illegal immigrants by end of year
- Chinese National Who Allegedly Voted In Michigan Skips Court, Faces Arrest
- Trump’s Blue Suit and the Death Throes of Legacy Media
- Trump’s Blue Suit and the Death Throes of Legacy Media
- Vancouver car attacker’s tragic family details: Brother murdered, mother attempted suicide