Bullet points of Stock market today: Dow, S&P 500, Nasdaq futures surge as Fed fires up rally
Bullet points of Stock market today: Dow, S&P 500, Nasdaq futures surge as Fed fires up rally
- US stock futures spiked on Thursday following the Federal Reserve's significant interest-rate cut.
- The decision to initiate a new rate cycle with a 50 basis point cut is seen as a proactive measure to safeguard against recession risks.
- Major tech companies like Alphabet, Microsoft, Meta, Apple, Tesla, and Nvidia experienced stock price increases.
- Analysts anticipate further rate cuts by the Fed in the coming months, as market focus shifts towards economic data and potential market fluctuations.
- US stock futures spiked on Thursday following the Federal Reserve's significant interest-rate cut.
- The decision to initiate a new rate cycle with a 50 basis point cut is seen as a proactive measure to safeguard against recession risks.
- Major tech companies like Alphabet, Microsoft, Meta, Apple, Tesla, and Nvidia experienced stock price increases.
- Analysts anticipate further rate cuts by the Fed in the coming months, as market focus shifts towards economic data and potential market fluctuations.