Dow Jones Industrial Average climbs 500 points in post-Fed splurge
With Dow Jones climbing around 600 points at its highest on Thursday, the major equity index is on pace to capture yet another record close as price action digs in north of 42,000. The Dow Jones’ stellar 2024 performance is continuing unabated, with the stock board set to close in the green for a fifth straight month.
Dow Jones closes above 42,000 points for first time
The Dow Jones Industrial Average jumped 1.25%, or 522 points, to settle at a lifetime high of 42,025 points, hitting a record high of 42,160 during the session. The S&P 500 index surged 1.7%, or 95 points, to 5,713 points, while the Nasdaq Composite Index rose 2.5%, or 440 points, to 18,013 points.
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Wall Street romped to records Thursday as a delayed jubilation swept markets worldwide following the Federal Reserve's big cut to interest rates.
The S&P 500 was up 2% and trading at a record high Thursday afternoon. The Dow Jones Industrial Average also traded ...
Specialist Genaro Saporito, foreground, works with traders at his post on the floor of the New York Stock Exchange, Wednesday ...
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