Fed Announces 50 Basis Point Rate Cut, US Stocks Surge but Close Lower
Article is form Jinse
September 19, 2024
This article is translated by ChatGPT Show original
Gold Finance reported on September 18 that US stocks surged but then pulled back, with all three major indexes closing lower.
At the close, the Dow Jones Industrial Average fell 0.25% to 41,503.1 points, the S&P 500 index declined 0.29% to 5,618.26 points, and the Nasdaq Composite dropped 0.31% to 17,573.3 points.
The Dow and S&P 500 both reached new intraday highs.
Tech stocks were mixed, while bank stocks mostly declined. Airline stocks were mixed, and chip stocks generally fell.
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