S&P 500 hits record as Wall Street bets the Fed will lower interest rates, Dow rises 160 points [CNBC]
Comcast Corporation - Class A (CMCSA)
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Source: CNBC
S&P 500 hits record as Wall Street bets the Fed will lower interest rates, Dow rises 160 points VIDEO 9:27 09:27 Leon Cooperman: A big market move would be 'knocking on the door of euphoria' Squawk Box Stocks rose on Thursday after the Federal Reserve The S&P 500 Dow Jones Industrial Average Nasdaq Composite "Markets are based on numbers and perception. If the perception is rates are getting cut, that's going to drive markets higher," said Kathy Entwistle, senior vice president of wealth management at UBS. "UBS' stance up until yesterday was we wouldn't see any rate cuts this year. Now we see a much larger chance of a 50-basis-point cut." The Fed said Wednesday it stands ready to battle growing global and domestic economic risks as they took stock of intensifying trade tensions and growing concerns about inflation. Most Fed policymakers slashed their rate outlook for the rest of the calendar year by approximately half a percentage point in the previous session, while Chairman makers
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CMCSA
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- 1/25/24 - Beat
CMCSA
Sec Filings
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