U.S. Stock Indexes Surge After Fed Rate Cut
U.S. Stock Indexes Surge After Fed Rate Cut
U.S. Stock Indexes Surge After Fed Rate Cut
News summary

Major U.S. stock indexes surged following the Federal Reserve's announcement of a half-percentage-point interest rate cut, with the S&P 500, Dow, and Nasdaq reaching record highs. The S&P 500 rose 1.7%, the Dow climbed 1.3%, and the Nasdaq surged 2.5%, driven by outperformance from the tech sector. Darden Restaurants saw an 8.3% increase in its shares due to improved sales and a new delivery partnership with Uber. Tesla's shares jumped 7.4% in the wake of the rate cut, and General Motors announced an adapter for its EVs to use Tesla's Supercharger network. Despite volatility, analysts remain optimistic about equities, though concerns about global economic slowdowns and seasonal trends persist.

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2
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2
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Last Updated
6 hours ago
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