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
- Kash Patel on Joe Rogan: FBI director reveals how India is helping America fight fentanyl crisis; take on China-backed trafficking network
- Are you eligible for smart gates at Dubai airport? Find out how to check and use them!
- Musk vs Trump: Tesla CEO deletes several tweets, including one on ‘Epstein files’; is it a bid to mend broken relationship?
- Man jumps barricade at Tiananmen Square flag-raising ceremony
- 23 Manly Gift Ideas Guaranteed To Make Your Father’s Day Celebration Even More Masculine Than It Already Is
- 23 Manly Gift Ideas Guaranteed To Make Your Father’s Day Celebration Even More Masculine Than It Already Is
- Watch: Is Donald Trump worried about Elon Musk using drugs? Here is what he said
- 10 Eerie predictions from history that shockingly came true