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It climbed just below 37,300 points. Nasdaq 100 and S&P 500 are not far behind the record. Wall Street’s most famous index, Dow, completed the day with an increase of 0.43 percent at 37,248.35 points. The market-wide S&P 500 index increased by 0.26 percent to 4,719.55 points. Nasdaq 100, which consists mainly of technology stocks, turned red after a positive start and fell 0.15 percent to 16,537.83 points.
The previous day, the US Federal Reserve had mobilized the markets by giving clear signals regarding the interest rate cut in 2024. Commenting on investors’ enthusiasm following the Fed Chairman’s remarks on Wednesday, chief market analyst Jochen Stanzl from CMC Markets said Jerome Powell “triggered the strongest buying wave of the entire year” on Wall Street.
After Powell did not mention the word rate cut almost two weeks ago, three steps of reductions of 0.25 percentage points each were mentioned for 2024.
(SDA)
Source :Blick
I’m Tim David and I work as an author for 24 Instant News, covering the Market section. With a Bachelor’s Degree in Journalism, my mission is to provide accurate, timely and insightful news coverage that helps our readers stay informed about the latest trends in the market. My writing style is focused on making complex economic topics easy to understand for everyone.
