03/20/2024

Stocks Surge After Fed Indicates Future Rate Cuts Coming

The Fed says three rate cuts are coming in 2024

All three major indexes were on pace to close at all-time highs on Wednesday afternoon.

This was the result of investors cheering the Federal Reserve's statement that it still expects three interest rate cuts this year.

The S&P 500 gained 0.7 percent, reaching an intraday record of 5,200 for the first time. The Dow rose 345 points, or 0.9 percent, and the Nasdaq Composite added 1.1 percent.

Please select this link to read the complete article from CNN.