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Stock Market, Fed
Stock market today: Dow surges 500 points as Fed-fueled stocks set sights on records
The S&P 500 ( ^GSPC) climbed roughly 1.7%, while the Dow Jones Industrial Average ( ^IXIC) rose more than 500 points, with both trading around closing record highs. The tech-heavy Nasdaq Composite ( ^IXIC) led the gains, up 2.2%.
The Fed has cut its interest rate. What does that mean for consumers?
In the short term, the reduction will lead to slightly lower interest rates on mortgages, auto loans, and credit card debt.
30-Year Mortgage Rate Drops to 6.09% After Fed Rate Cut
The decline in mortgage costs, influenced by expectations of the Federal Reserve’s rate moves, could revive interest in buying, selling and remortgaging, economists said.
2h
on MSN
The Fed's rate decision shows its focus has shifted from inflation to the labor market
"The Fed is more worried about the labor market and less concerned about inflation at this point," a Glenmede analyst said.
1h
on MSN
The Fed is following its 1995 playbook — and that's great news for stocks and the economy
The Fed's cutting cycle in 1995 sparked an economic boom, with the stock market more than doubling in value by the end of the ...
1h
on MSN
Fed decision opens the real estate floodgates after four years
"Everybody's happy" about the Federal Reserve's rate cut – at least in real estate – potentially opening the floodgates to ...
2h
The Fed Rate Cut, Puncturing The Phillips Curve Myth
The echo chamber of prominent economists have tried over the years to fit the Phillips curve to reality. Ditch the Phillips ...
1h
Boeing stock sags despite Fed rally, company furloughs workers amid strike
Boeing may prevent its debt being downgraded to junk by issuing more stock, which would deal another blow to current ...
2h
Home sales slumped in August. But they’re poised to soar after the Fed finally cut interest rates
Sales of previously owned homes in the United States fell sharply in August, despite mortgage rates plummeting that month.
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