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Dow jumps more than 500 points, closes at record high as Fed opens door to rate cuts

Por: New York Post Business December 14, 2023

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The Dow Jones Industrial Average hit its first record closing high since January 2022, and the S&P 500 and Nasdaq rallied more than 1% each on Wednesday after the Federal Reserve signaled that its and that it sees lower borrowing costs in 2024. In its policy , the Fed also left interest rates steady, as expected, and a near-unanimous 17 of 19 Fed officials projected that the policy rate will be lower by the end of 2024. Indexes were flat ahead... + full article



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