Stocks surge a day after US Federal Reserve’s first interest rate cut since 2020
Stocks on Wall Street soared Thursday a day after the Federal Reserve slashed its benchmark interest rate by 0.50 percentage points, with investors cheering the central bank’s move to head off a slowdown in U.S. economic growth. The Dow Jones Industrial Averages jumped 479 points, or 1.1%, closing at 42,025. The S&P 500 climbed 95 points, … Read more