πŸ‡ΊπŸ‡Έ Wall Street soars to new heights

πŸ‡ΊπŸ‡Έ Wall Street soars to new heights as Fed's bold half-point rate cut ignites global market rally

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Wall Street soars to new heights as Fed's bold half-point rate cut ignites global market rally, propelling S&P 500, Dow, and Russell 2000 to record closes; investors embrace lower borrowing costs' potential to boost profits and valuations, while remaining cautious of economic uncertainties, geopolitical risks, and upcoming presidential election impact on this 20% year-to-date surge.​​​​​​​​​​​​​​​​

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Wall Street Journal:

Dow Crosses 42000, Hits Record in Post-Fed Rally

The Dow Jones Industrial Average and S&P 500 both hit records Thursday as U.S. stock indexes enjoyed a broad rally. The Nasdaq Composite rose 2.5% with tech stocks and other speculative assets such as bitcoin taking the lead. International stocks also gained.

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Mint, Yahoo, CNBC, Reuters, Barron’s, Cointelegraph

Reddit


Republicans Cry Foul as Stock Market Soars Following Fed's Interest Rate Cut
byu/inewser inAnythingGoesNews

JD Vance Supporters' Reaction To News The Federal Reserve Cut Interest Rates Is Peak MAGA
byu/Blue_Wave2024 inAnythingGoesNews

Trump said that the stock market would crash if Biden were elected president. Did he lie?
byu/MoreMotivation inWhitePeopleTwitter

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Bluesky


Not sure why we need an election betting market when "bribe the possible future president" is an actual stock on the actual stock exchange and you can just watch it take a nose dive.

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— Rotating Handles (@davidhdaw.bsky.social) September 20, 2024 at 4:30 AM

Since the Dow hit another record high this week, I figured I’d see how the markets fared under Trump and Biden. More records under Trump. More +1% or more days under Biden. www.washingtonpost.com/politics/202...

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— Philip Bump (@pbump.com) September 19, 2024 at 1:22 PM

OK, the rate has been cut. Today is another stock market record! Surely, we will get positive images and glowing headlines, perhaps even indicating that this is happening under a Dem administration...(oh, FFS)

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— Rob Pollard (@robpollard45.bsky.social) September 20, 2024 at 12:51 AM