Stock market today: Dow, S&P 500, Nasdaq surge as Fed fires up rally Yahoo FinanceDow pops 400 points as Wall Street rallies a day after big Fed rate cut: Live updates CNBCDow jumps to another all-time high day after Fed delivers big rate cut New York Post Stocks jump Thursday after Federal Reserve's jumbo-sized rate cut CNN
The S&P 500 had already been climbing as investors grew more confident that the Federal Reserve would cut interest rates by half a percentage point. Thursday's gain put the index in range of a closing record.
Bank stocks moved up on Thursday as they added to gains from the previous session on the heels of the first interest-rate cut by the U.S. Federal Reserve since 2020.
When the Federal Reserve cut the federal funds target rate on September 18th, the stock market reacted negatively. This runs counter to our expectations and try to unpack why.
