Shares of Companies in the Broader Financial Services and Banking Sectors Are Trading Higher Amid Overall Market Strength Following the Fed's Rate Cut, Which Could Drive a Rise in Spending and Lending Demand.
S&P 500, Dow Jones Hit Record Highs: Magnificent 7 Add $400 Billion After Fed's Historic Interest Rate Cut
Unmissable investment strategy! The Federal Reserve officially enters a new era of interest rate cuts, these 6 industries have the most profitable potential.
Prepare yourself for the interest rate cut cycle.
US stocks closed | After the interest rate cut, US stocks rose and then fell back, with the three major indices closing slightly lower. Apple bucked the trend and rose nearly 2%.
After the Federal Reserve cut interest rates, US stock index hit a new daily high. However, it turned downwards after Powell's press conference. The S&P 500 ended its seven-day winning streak, while the Dow Jones Industrial Average fell for the second consecutive day. Nvidia failed to rebound and closed down nearly 2%, while Apple rose against the trend, gaining nearly 2%.
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