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The S&P 500 rose 1.7 percent on Thursday, rallying a day after the Federal Reserve cut interest rates by half a percentage point.
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For the past three months, markets have sniffed out September rate cuts and responded accordingly. The key is whether the Fed's future course of action on rates can offset the economic deceleration that its hiking campaign was designed to engineer.
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Dow pops 500 points as Wall Street rallies a day after big Fed rate cut: Live updates CNBCStocks surge a day after Federal Reserve's first interest rate cut since 2020 CBS NewsStock market today: Dow, S&P 500, Nasdaq surge as Fed fires up rally Yahoo FinanceRate Cuts: Markets Got Powell's Message — Smaller for Longer Bloomberg
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