US stock market at record high as investors cannot keep calm after Fed rate cut
AFP
Sep 20, 2024 7:55 AM IST
Wall Street stocks hit record highs as the Federal Reserve cut interest rates to support the labor market. Dow rose 1.3%, S&P 500 1.7% and Nasdaq 2.5%.
Television stations broadcast Jerome Powell, chairman of the US Federal Reserve, speaking after a Federal Open Market Committee (FOMC) meeting on the floor of the New York Stock Exchange (NYSE) in New York, US.
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