Wall Street opens higher on Fed rate cut optimism
Digest more
In late September, Fed Chair Powell delivered a speech in Rhode Island, where he was questioned about the variables the Fed's Board of Governors considers when making monetary policy decisions. In particular, he was asked if movements in the stock market factor into the central bank's decision-making process.
After a mixed start to the day, the three major U.S. stock-market indexes were all trading higher on the day. The Dow Jones Industrial Average was leading the three indexes, with the S&P 500 following and the Nasdaq Composite recently breaking positive.
By YURI KAGEYAMA and MATT OTT Wall Street bounced back from this week’s losses early Wednesday ahead of the latest earnings report from Nvidia, considered a bellwether for artificial
The stock market extended its rally Tuesday ahead Thanksgiving as Wall Street continued its rotation away from artificial intelligence winners. The Dow Jones Industrial Average rose 664 points, or 1.4%.