Bullet points of S&P 500, Dow hit record highs after Fed cuts rates. What it means for your 401(k).

Bullet points of S&P 500, Dow hit record highs after Fed cuts rates. What it means for your 401(k).
- The Federal Reserve cut interest rates by 50 basis points, its first cut in four years.
- The Dow Jones Industrial Average closed above 42,000 for the first time, ending the day up 1.3% at a record 42,025.19.
- The S&P 500 also ended the day at a record high, closing up 1.7% at 5,713.64.
- The Nasdaq composite ended the day up 2.51%.
- Tech stocks, including Apple, Meta, and Tesla, saw significant gains.