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