Stocks Hit Record High a Day After Fed’s Big Interest Rate Cut

The S&P 500 rose 1.7 percent on Thursday, rallying a day after the Federal Reserve cut interest rates by half a percentage point. Federal Reserve System, Interest Rates, Banking and Financial Institutions, Standard & Poor’s 500-Stock Index, United States Economy, Stocks and Bonds, Russell 2,000 Stock Index, Powell, Jerome H The S&P 500 rose 1.7 percent on Thursday, rallying a day after the Federal Reserve cut interest rates by half a percentage point. NYT > Business

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