Dow Jones Industrial Average taps fresh record peak after Fed trims interest rate 50 bps
The Dow Jones Industrial Average (DJIA) has pulled into Wednesday’s midrange near 41,500 as investors await the Federal Reserve's (Fed) first rate cut in over four years. Markets kicked off 2024 hoping for an initial rate cut in March, but have thus far been battled all the way back to Q3. Now it finally looks like the Fed is ready to play ball.
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The Dow Jones 30 rallied quite drastically in the early hours of Thursday, as we have seen a lot of noisy trading after the Federal Reserve cut interest rates by 50 basis points on Wednesday.
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