"Wall Street Soars as Fed Signals Rate Cuts, Dow Hits Record High"

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Source: The Wall Street Journal
"Wall Street Soars as Fed Signals Rate Cuts, Dow Hits Record High"
Photo: The Wall Street Journal
TL;DR Summary

The stock market rally fueled by the Federal Reserve's decision to hold interest rates steady and signal potential cuts in 2024 continued, with the Dow and other major indexes gaining over 1% and benchmark bond yields falling to four-month lows. Stock futures for all three major indexes rose, and bonds rallied, with 10-year Treasury yields dropping below 4%. Global stocks surged, and commodities, including oil and gold, rallied. The dollar weakened against other currencies, and Bitcoin rebounded from a recent selloff.

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