Dow Tops 42,000 After Big Fed Rate Cut 9/19/24

Stocks are surging as traders digest the Fed’s decision to lower interest rates by a half percentage point. The Dow and S&P 500 both advanced to new intraday highs, while the Nasdaq surged nearly 3%. Traders also got further validation that the Fed was engineering a “soft landing” for the economy as weekly jobless claims fell by 12,000 to 219,000, which was far below estimates. We’ll cover the market action from all angles. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.