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Dow surges nearly 500 points as Fed rate-hike fears fade on cooling inflation

Por: New York Post Business November 14, 2023

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Stock indexes rallied on Tuesday as boosted expectations that the Federal Reserve was done raising interest rates and could start cutting them next year. The Dow Jones Industrial Average jumped 471 points, or 1.4%, to 34,810, the Nasdaq climbed 2.2% and the S&P 500 rose 1.9%. The benchmark S&P 500 briefly crossed the 4,500 mark for the first time in two months and the tech-heavy Nasdaq  was trading at a fresh two-month high after data... + full article



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