Dow Soars to Record as Fed Cut Fever Grips Wall Street – Nasdaq Sags on Tech Slide – US Stock Market Today
Wall Street Rally Hits New Highs – With a Twist U.S. stocks extended their autumn rally on Friday as investors doubled down on hopes that the Federal Reserve’s rate-hiking cycle is finally reversing course. The Dow Jones Industrial Average jumped nearly three-quarters of a percent to finish above 46,800 – its first-ever close above the 46,000 mark – and the S&P 500 notched a modest gain to end at 6,727, also a record high close reuters.com. In fact, both the Dow and S&P set all-time intraday highs during the session investopedia.com, capping what has been a stellar week. This strength