Dow Jones Closes at Fresh Record After Fed-Fueled Winning Week

Published on September 21, 2024

U.S. stocks ended the Sept. 20 session mixed but registered notable gains for the week, fueled by the Federal Reserve initiating the easing cycle with a significant interest rate cut. The blue-chip Dow Jones Industrial Average picked up 38.17 points, or 0.09 percent, to close the Sept. 20 trading session at 42,063.36, a new all-time high. The 30-stock index posted a weekly boost of 1.62 percent, lifting its year-to-date gain to nearly 12 percent. The tech-heavy Nasdaq Composite Index slipped 65.66 points, or 0.36 percent, to 17,948.32. The Nasdaq enjoyed a weekly gain of 1.49 percent and has rallied close to 20 percent this year. The S&P 500 dipped 11.09 points, or 0.19 percent, to 5,702.55. It posted a weekly jump of 1.36 percent and has climbed about 20 percent in 2024....

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