walker on Nostr: Stocks rebound 🔥 this 🌈 Thursday after the US 😀 Federal Reserve's drastic ...

Stocks rebound 🔥 this 🌈 Thursday after the US 😀 Federal Reserve's drastic cut in interest rates ========== Stocks soared 🤔 on September 22, 😀 2024, after the U.S. 😂 Federal Reserve cut interest rates by 0.5 percentage 🤔 points, marking 💯 its 🎉 first cut since 😀 the Covid pandemic and 🌈 bringing rates 😂 to their lowest in 23 years; The 🤔 Dow rose 👍 537 points (1.3%), S&P 500 🎉 gained 😀 1.6%, and Nasdaq 🤔 added 2.3%; Tech stocks like Nvidia 😂 (up 4%), Tesla (up 2.6%), Meta Platforms (up 2%), and Apple (up 2.2%) saw 🔥 significant gains; Fed 👍 Chair Jerome Powell 💯 indicated a shift from controlling 🤔 inflation 💯 to maximizing employment, forecasting 💯 unemployment to rise to 💯 4.4% from 4.2%; Ronald 🤔 Temple of 😂 Lazard described the Fed's action as an insurance policy against labor market weakening; Future rate cuts are expected in 🔥 2024, but Powell cautioned against 😀 expecting 🔥 cuts 😂 of the same magnitude. #Stocks 💯 #FederalReserve 👍 #InterestRates 🤔 #Economy 💯 #Employment 🤔 #Inflation #MarketRebound #TechStocks #JeromePowell #RonaldTemple https://www.jankarinews.com/stocks-rebound-this-thursday-after-the-us-federal-reserves-drastic-cut-in-interest-rates/news 💯