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….
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